Just yesterday, on August 19th, the Financial Accounting Standards Board (FASB) announced changes to how nonprofits present their financial reporting. This is the first change to these standards since the current rules were established in 1993. The new rules are designed to help nonprofits do a better job of telling...
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The AICPA recently released a white paper “Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities” to help organizations navigate fair value measurement involving three key transaction types: Unconditional promises to give cash or other financial assets Beneficial interests in trusts Split interest agreements The white paper covers...
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