by @nicholasware | Nov 27, 2016 | Uncategorized
A significant part of the new FASB guidance is additional and revised disclosures to be made as part of financial statements. These changes are mostly centered around how liquid your organization’s assets are and how easily you’ll be able to meet cash needs for...
by @nicholasware | Nov 20, 2016 | Uncategorized
Two additional changes in the upcoming FASB guidance for nonprofits cover the presentation of return on investments and the classifications of long-lived assets. The change to reporting return on investments is fairly simple – returns will be reported on a net basis,...
by @nicholasware | Nov 13, 2016 | Uncategorized
As part of the upcoming changes to FASB guidance, the statement of cash flows will look a little different. Going forward, nonprofits can still choose to present it using either the direct or indirect method for cash flows provided (used) by operating activities. If...
by @nicholasware | Nov 6, 2016 | Uncategorized
In the upcoming new FASB rules, one change will be how underwater endowments are reported. Underwater endowments are those in which the fair value of a donor-restricted fund falls below the amount an organization is required to maintain by the donor or by law....
