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The new not for profit reporting model. FASB recently completed a project named Financial Statements of Not-For-Profit Entities. (ASU 2016-14 issued 8/18/16) Q. Why did

The new not for profit reporting model.

FASB recently completed a project named "Financial Statements of Not-For-Profit Entities." (ASU 2016-14 issued 8/18/16)

Q. Why did the FASB change net asset reporting? In other words, how will the changes improve financial reporting for NFP organizations?

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