Tag Archives: Foundations

FASB MODIFIES NOT-FOR-PROFIT ACCOUNTING RULES

The Financial Accounting Standards Board (FASB) recently issued ASU 2016-14 to improve the presentation of financial statements of not-for-profit entities such as charities, foundations, universities, and nonprofit health care providers, etc. ┬áThis is the first major change to the nonprofit financial statement model in over 20 years, which is intended to provide more useful information Read More…