FASB ASU 2016-14 Reporting Requirements White Paper
Is Your Organization Ready for the New FASB ASU 2016-14 Reporting Requirements?
AccuFund is pleased to release Part 1 in a 3-Part White Paper Series to help nonprofits better understand, prepare and implement the new FASB 2016-14 reporting requirements. The New White Paper, Understanding. Preparing. Implementing. FASB ASU 2016-14 Reporting Requirements for Not-For-Profit Organizations, highlights:
• When organizations need to have new reporting requirements in place
• Examples of reporting changes to key financial statements
• Analysis of financial statements and their impact on accounting/financial presentation choices
Ready for Part 2? Click on the link to download Part 2 in this 3-Part White Paper Series, Understanding. Preparing. Implementing. FASB ASU 2016-14 Reporting Requirements for Not-For-Profit Organizations.
The Financial Accounting Standards Board (FASB) has issued a new accounting standards update specifically for nonprofits (ASU 2016-14) to improve the current net asset classification requirements and the information presented in financial statements and notes about a nonprofit entity’s liquidity, financial performance, and cash flow.