New Guidance for Nonprofits: Be Aware of FASB's Changes in Nonprofit Reporting

By Wiss, Posted in Not For Profit

By Diana Miller Following several years of examination and modification, the Financial Accounting Standards Board (FASB) released its long-awaited update this month on nonprofit financial reporting. The revision is expected to transform the way nonprofit organizations categorize net assets and construct financial statements. To prepare, nonprofit organizations should familiarize themselves with the following developments: Phase 1 (effective for fiscal years beginning after December 15, 2017) - Improvemen... read more.

This website uses cookies in order to improve user experience. If you click the “Accept” button to the right or continue browsing this website, you will be giving your consent to our use of cookies as described in our Privacy Policy.