Changes to Financial Statement Disclosures

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...

Changes to Reporting Underwater Endowments

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....