FASB Issues New Guidance to Improve Financial Reporting for Not-for-Profit Organizations
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By Adrian P. Fitzsimons, Irene N. McCarthy, and Benjamin R. Silliman
IgnitEd, January 1, 2018
Activity Type: Article
This examines the August 2016 guidance in ASC 2016-14, Not-for-Profit Entities (Topic 958) issued by the FASB, which is necessary to add clarity to and strengthen not-for-profit financial reporting.