United States

Not-for-Profit: Presentation of financial statements

Oct 06, 2016
From the Financial Reporting View

In this publication, we explain how the FASB’s new accounting standard changes how not-for-profits (NFPs) present information in their financial statements.

The new standard will significantly change how all NFPs, including health care entities, report net asset classes, expenses, investment return and liquidity in their financial statements. The FASB intends that the changes will reduce reporting complexity and provide financial statement users with greater transparency about how an NFP uses its resources and manages its cash needs.

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