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Not For Profit/Exempt Organizations Blog

Monthly Archives: July 2015

Proposed Changes to Financial Accounting for Not-for-Profit Entities

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The Financial Accounting Standards Board (“FASB”) has issued an exposure draft of a Proposed Accounting Standards Update, Presentation of Financial Statements of Not-for-Profit Entities, which would make significant changes to the current reporting rules.  The FASB believes that each of the proposed changes will improve the usefulness of the information provided to stakeholders, reduce the complexity… Continue Reading