Close
Close

FASB proposes sweeping changes for NFPs

Download RFP
[Download the PDF]

This bulletin summarizes the key proposals in the FASB’s recently issued proposed ASU, Presentation of Financial Statements of Not-for-Profit Entities. The proposed amendments are designed to improve the current net asset classification requirements, as well as the information about a not-for-profit entity’s liquidity, financial performance, and cash flows presented in the financial statements and the notes.