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Transition guidance for a recently issued ASU states that the pending content will become effective for not-for-profit entities for fiscal years beginning after June 15,
Transition guidance for a recently issued ASU states that the pending content will become effective for not-for-profit entities for fiscal years beginning after June 15, 2023. A not-for-profit with a June 30 fiscal year-end must begin applying the new guidance for the fiscal year ending: June 30, 2025
December 31, 2024
June 30, 2024
December 31, 2025
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