INFOGRAPHIC: Navigate the FASB Nonprofit Accounting Standard Update
As we’ve covered in earnest here on the Nonprofit Standard, in late August, the Financial Accounting Standards Board released an Accounting Standards Update for nonprofit organizations – the biggest change to nonprofit accounting in over 20 years. While this ASU represents only the first phase of this FASB project, it’s critical that organizations begin to think about implementation now.
We’ve put together a graphic roadmap to help you get on your way to adoption and dodge accounting gridlock along the way. You’ll find key insights about which provisions the ASU will impact, and when nonprofits will need to implement these changes to their financial reporting statements.
Download Infographic [PDF]