Have you been considering the impacts of the recent FASB issuance on not-forprofit financial reporting? Many not-for-profits will be affected, including charities, foundations, colleges and universities, healthcare providers, religious organizations, trade associations, and cultural institutions.
The newly released guidance simplifies and improves how a not-for-profit classifies net assets. The new ASU also streamlines the information that is included in financial statements and notes about liquidity, financial performance, and cash flows. This presentation will explore the new provisions and discuss implementation guidance.