posts tagged as FASB Not for Profit Financial Reporting Project


By Tammy Ricciardella | April 24, 2019

Lessons Learned from Implementing ASU 2016-14 – Functional Expenses

Since the Financial Accounting Standards Board released their massive Accounting Standards Update (ASU) for nonprofit financial reporting, one area has caused significant stress—functional expenses. In our latest blog post, Tammy... read more


By Lee Klumpp | June 21, 2018

Are Grants Subject to Revenue Recognition?

Today, the Financial Accounting Standards Board (FASB) issued clarified guidance on accounting for contributions. To help nonprofits understand the changes, the Nonprofit Standard blog outlines a practical example of how to classify a... read more


By Lee Klumpp | May 09, 2018

A New Tool for Evaluating Nonprofit Financial Fitness

How can you determine if your nonprofit is financially fit? Liquidity is an important part of the equation. Learn more about liquidity and new disclosure changes in our latest blog. read more


By Lee Klumpp | November 16, 2017

FASB Clarifies How Nonprofits Should Characterize Contributions

On August 3, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU), “Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made.” The ASU is intended... read more


By Tammy Ricciardella | June 28, 2017

Part Three – A Deeper Dive into ASU 2016-14 Implementation Issues

In part three of a blog series on FASB Accounting Standards Update (ASU) 2016-14, Not for Profit Entities (Topic 958): Presentation of Financial Statements of Not for-Profit Entities, Tammy Ricciardella reviews changes to the... read more


By Nonprofit Practice Leaders | May 25, 2017

Webinar: Nonprofit CFOs Talk FASB ASU Implementation Issues

After the release of the FASB’S accounting standards update on the presentation of nonprofit financial statements, big changes are coming to nonprofit financial reporting. Join us on Tuesday, May 30, from 1-2pm ET for the next... read more


By Tammy Ricciardella | May 22, 2017

Part Two – A Deeper Dive into ASU 2016-14 Implementation Issues

In part two of a blog series on FASB Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, Tammy Ricciardella dives deep into changes to expense... read more


By Nonprofit Practice Leaders | May 09, 2017

Webinar: Cost Allocation Changes Under FASB ASU 2016-14

Join us on Thursday, May 11, from 1-3 pm ET, for the next installment of the 2017 BDO KNOWLEDGE Nonprofit & Education Webinar series. This webinar will discuss the new disclosure requirements and changes to cost allocation under the FASB... read more


By Nonprofit Practice Leaders | April 10, 2017

The Spring Nonprofit Standard Newsletter is Live!

To catch up on the latest governance, tax and sustainability issues in the nonprofit industry, take a look through the Spring issue of BDO's Nonprofit Standard newsletter. read more


By Nonprofit Practice Leaders | March 24, 2017

We Launched a New Nonprofit Resource Hub!

Introducing BDO's new Nonprofit Resource Center! Looking for guidance on pressing nonprofit challenges? This centralized hub has everything you need. read more