Wednesday, July 22, 2015

Proposed changes to the NFP reporting model

http://www.journalofaccountancy.com/issues/2015/jul/not-for-profit-financial-reporting.html The FASB exposure draft is highlighted in this Journal of Accountancy article. Changes proposed to classes of net assets and statement of cash flows, are two of the items. Improvements to liquidity discussions are also included. Aug 20 is the comment period deadline.

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