Podcast: Lee Klumpp Discusses FASB ASU with New York Nonprofit Media
As we’ve discussed in depth on this blog, the Financial Accounting Standards Board (FASB) issued the biggest change to nonprofit accounting in two decades this August. Now that the dust has settled on the announcement, many organizations are starting to think about how to implement the Accounting Standards Update (ASU) into their financial reporting practices.
Our own Lee Klumpp recently sat down with New York Nonprofit Media for an episode of the NYN Media Insights podcast
to discuss why the FASB released these changes, and what nonprofits should do now to work the new standards into their financial statements.
You can also listen on iTunes, Stitcher, or wherever you get your podcasts. Search for NYN Media Insights.
Check out our previous coverage of the ASU here
, and be sure to download our helpful infographic
to help get your organization on the path to implementation.