| Nov 29, 2018
Workshop at Ponce
Thanks to the funds provided by Global Giving, Asesores Financieros Comunitarios(AFC) was able to provide a workshop at the south part of the island, so people of the nonprofit organizations can benefit with the new changes to the financial statements.
In October 26,2018 AFC offer a workshop in the "Salón de Conferencia, Archivo Histórico Municipal de Ponce" of the "New rules on how to present the financial statements for the NPOs".This workshop contained the new dispositions of the FASB, the organization that establish and improve Accounting Principles Generally Accepted in the United States.
Is important to say that the access to this information is limited because of three main reasons:
- Cost because nonprofit organization most of the time can't afford it
- Most of these services are provided in the metropolitan area
- The professional that provide this material need to know about the nonprofit organization.
this situation gets worse because of Hurricane Maria, more than 50% of the nonprofits change their approach and began to provide primary services or attending the needs of the population they serve, also the number of participants increase. Because of these situations becomes more meritorious to provide services that strengthen the administration and sustainability of the nonprofit organization because it will result in assuring services in Puerto Rico.
AFC have 123 volunteers among these CPA's, Lawyers, Accountant, Industrial Psychologist, University students and others and we have more than 11 years of experience providing workshops and technical assistance to nonprofits organizations in the areas of administration, accounting and complianceThis workshop was provided by one of our volunteers who is a CPA with more than 20 years of experience, is professor and have vast experience in the nonprofit sector.
The knowledge of this volunteer, the commitment of donors like you and Global Giving is what made possible that more than 47 participants from nonprofit organization around the island benefit from this information.