Functional Expenses

How to Report on Functional Expenses
Jul 1
Jul 1

FASB: Major Changes to Not-for-Profit Reporting

FASB has proposed some major changes to nonprofit reporting rules. In particular, the board has targeted improvements to: current net asset classification requirements not-for-profit’s liquidity financial performance cash flows. “We believe these changes will refresh the model in ways that will make not-for-profit financial statements even more useful to donors, lenders, and other users,” said […]

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