Preparing for Update to Financial Statements for Nonprofits – October 2016

By |2017-04-24T09:23:36-05:00October 1st, 2016|Accounting, Endowment Fund, Nonprofit|

By Joe Ryan, ISCPA Nonprofit Organizations Committee Issue No. 2016-10 published by the ISCPA In August, the Financial Accounting Standards Board (FASB) issued a new accounting standard for nonprofit organizations, improving the presentation of the net asset classification, liquidity and cash flows. The standard will be effective for fiscal years beginning after Dec. 15, 2017 (calendar [...]