FASB Nonprofit Financial Statement Analysis
November 10, 2017
In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-14, Presentation of Financial Statements of Not-for-Profit Entities (“ASU”). FASB’s agenda was separated into two phases of which Phase 1 has been included in the ASU. Currently, the FASB does not have a projected timeline for Phase 2. The financial statement project was initiated to ensure nonprofit reporting continues to meet the dynamic needs of users.
Our nonprofit team has put together an analysis on the Accounting Standards Update 2016-14.
If you have any questions and would like to connect with a team member please call 404-874-6244 or contact an advisor below.CONTACT AN ADVISOR
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