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Upcoming Changes For Not-For-Profit Financial Statements

Changes in annual not-for-profit financial statements prescribed in Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities (ASU 2016-14) will affect substantially all NFPs. They are designed to provide more relevant information about an organization’s resources, and the changes in … Continue reading

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FASB Changes Will Impact Not-For-Profit Accounting

The Financial Accounting Standards Board (FASB) recently released proposed accounting standards updates that could have a major impact on nonprofit organizations.  The first major update to the not-for-profit accounting model in more than 20 years is expected to “improve financial … Continue reading

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