• FASB Financial
    Reporting Guidance

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   


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Contacts

William Eisig
William Eisig Assurance Managing Partner 703-336-1401
Marc Berger
Marc Berger National Director, Nonprofit Tax Services 703-336-1420
Lee Klumpp
Lee Klumpp National Assurance Partner – Nonprofit & Government 703-336-1497
Tammy Ricciardella
Tammy Ricciardella National Assurance Director, Nonprofit Government 703-336-1531
Andrea Wilson.
Andrea Wilson Managing Partner; Nonprofit & Education Advisory Practice National Co-Leader 703-752-2784
Susan Friend
Susan Friend National Assurance Director - Nonprofit & Government 954-626-2964
See all contacts

Webinars

August 26, 2020
Our panel will discuss the impact of the COVID-19 pandemic on human capital among nonprofit organizations. We will review findings from our industry pulse survey and discuss the implications for organizations as they move forward.