FASB Exposure Draft of Not-for-Profit Entities (Webinar Recording)

The FASB added a project to its agenda to improve the current net asset classification requirements and the information presented in financial statements and notes about a not-for-profit entity’s liquidity, financial performance, and cash flows. The FASB’s Not-for-Profit Advisory Committee and other stakeholders indicated that existing standards for financial statements of not-for-profit entities (NFPs) are sound but could be improved to provide better information to donors, creditors, and other users of financial statements. This webinar outlines the proposal in detail and inform participants of potential impact on their organizations’ financial statements.