A man and woman discussing net assets and endowments over a stack of papers

Updated Reporting Standards for Nonprofits: Net Assets and Endowments

Nonprofit leaders must prepare for change as they approach their annual accounting and fulfill their disclosure responsibilities. In August of 2016 the Financial Standards Accounting Board (FASB) released Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit (NFP) Entities.

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