Oct 31, 2016
From the Financial Reporting View
The FASB recently issued proposed ASU, Presentation of Financial Statements of Not-for-Profit Entities—Endowment Reporting, to clarify the minimum requirements for the reconciliation that a not-for-profit entity that has endowment funds is required to disclose. The proposal would remove from the Codification language that was inadvertently added by FASB ASU No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities.
The comment period ends November 11.