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Impact of the New Nonprofit Reporting Model  

CATEGORY: Accounting & Auditing
Online & Mobile, Download
1 CPE Credits
Level: Update

Jennifer discusses ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, and how this new guidance makes changes to a reporting model that has been in place for more than twenty years. She will examine the overall goals of the new financial reporting model, and the types of nonprofit entities that will be affected. Jennifer will then outline the impacts the new reporting model will have for net asset classification, before closing the program with a look at enhancements made for the basic financial statements and what practitioners can expect in terms of certain disclosures.

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