FASB Issues New Guidance to Improve Financial Reporting for Not-for-Profit Organizations

IgnitEd, January 1, 2018

2018

Nonprofit

Article

  • Major

  • Intermediate

  • Financial
  • Government

  • Evaluation

This examines the August 2016 guidance in ASC 2016-14, Not-for-Profit Entities (Topic 958) issued by the FASB, which is necessary to add clarity to and strengthen not-for-profit financial reporting.