Not-for-profit entities (NFPs) with conduit debt that have securities that are traded, listed or quoted on an exchange or over-the-counter (OTC) market are required by certain Accounting Standards Updates (ASUs) to use the same effective dates and expanded disclosures that are imposed on public business entities…Read More
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On June 21, 2018, the FASB issued Accounting Standards Update (ASU) No. 2018-08 to help determine when income received by a not-for-profit organization should be accounted for as a contribution or an exchange…Read More
Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, significantly changes the financial reporting requirements for not-for-profits (NFPs). Reporting changes include (a) net assets, (b) investment income and expenses...Read More