United States

FASB Changes Presentation of Not-for-Profit Financial Statements

Aug 19, 2016
From the Financial Reporting View

 

This edition of Defining Issues reports that a new FASB ASU changes how not-for-profit entities (NFPs), including health care entities, report net asset classes, expenses, and liquidity in their financial statements.  The FASB deferred to Phase 2 of its project on NFP financial statements the decision about requiring a measure of operations in the statement of activities.

Read FASB Changes Presentation of Not-for-Profit Financial Statements