Will Hubbard, CPA, CFE explains what changes you can expect to see with NFP reporting.
In 2011 the FASB began a project to improve Not-for-Profits’ (NFPs) financial reporting. There are two phases to the project and phase one has since been concluded. The new standard will be effective for annual periods in fiscal years beginning after December 15, 2017 and interim periods in fiscal years beginning after December 15, 2018. Early adoption is permitted. Is your organizati Read More >>