For the past two years, we have been closely monitoring updates from the Financial Accounting Standards Board (FASB) regarding the organization’s Not-for-Profit Financial Statement Reporting Project.
On August 18, 2016, the FASB issued ASU No. 2016-14,
Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities. The new guidance simplifies and improves how not-for-profit entities classify net assets as well as the information presented in financial statements and notes about liquidity, financial performance and cash flows. Read the full
Accounting Standards Update.
We encourage you to reach out to our team with any questions, comments or concerns that you may have regarding the ASU and how it could impact your nonprofit organization. Feel free to leave a question or comment below, or reach out directly to
Lee Klumpp.
Below, you will find our compiled resources.
BOOK
Articles
Videos and Podcasts
Nonprofit Standard Blog Posts
Nonprofit Standard Newsletter Articles
FASB Resources
Explore the Nonprofit Standard Blog >>
Follow @BDONonprofit on Twitter