Question
Topic Area: Non for profit financial reports. Objective: To develop your knowledge of the new not for profit reporting model. FASB recently completed a project
Topic Area: Non for profit financial reports.
Objective: To develop your knowledge of 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).
Required
1. In addition to the net asset classification component of the project, there were other items addressed in
this new guidance. Please explain what these other changes are.
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
