FASB Issues New Guidance on Not-For-Profit Financial Reporting

By |2017-04-21T12:18:48-05:00August 24th, 2016|Accounting, Nonprofit|

The FASB has issued Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, that changes how a not-for-profit organization classifies its net assets, as well as the information it presents in financial statements and notes about its liquidity, financial performance, and cash flows. The ASU requires amended [...]