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Presenting the New Not-For-Profit Financial Statement: Implementation
Posted by Michelle Spriggs on Tue, Jan 31, 2017 @ 10:26 AM

The changes issued under the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities (ASU 2016-14) will bring more transparency to not-for-profit financial statement reporting.

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Topics: not-for-profit, FASB, Michelle Spriggs, NFP, Not-for-profit financial statement, implementation

Presenting the New Not-For-Profit Financial Statement: Liquidity
Posted by Michelle Spriggs on Tue, Dec 20, 2016 @ 10:20 AM

Liquidity reporting numbered among the key reasons the Financial Accounting Standard Board (FASB) amended financial statement reporting for not-for-profit organizations in August 2016. The FASB designed Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities to enhance transparency in the reporting of assets not-for-profit organizations can use to cover short-term needs. The changes made will affect reporting on liquidity and could have ramifications on not-for-profit organizations and the users of their financial statements.

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Topics: not-for-profit, FASB, Michelle Spriggs, NFP, liquidity, Not-for-profit financial statement

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