FASB Issues New Guidance to Improve Financial Reporting for Not-for-Profit Organizations

By Adrian P. Fitzsimons, Irene N. McCarthy, and Benjamin R. Silliman

IgnitEd, January 1, 2018

2018

Setting: Nonprofit

Activity Type: Article

Program Type:
  • Major

Level:
  • Intermediate

Course:
  • Financial
  • Government

Ignatian Pedagogy Element:
  • Evaluation

This examines the August 2016 guidance in ASC 2016-14, Not-for-Profit Entities (Topic 958) issued by the FASB, which is necessary to add clarity to and strengthen not-for-profit financial reporting.