Is Your Organization Ready for the New Financial Reporting Standards?
For some, thinking about changes in financial reporting standards for nonprofit organizations can make sleepy summer days even sleepier; for the first time in twenty-four years, the Financial Accounting Standards Board (FASB) has released a major update to nonprofit accounting standards. These changes only technically apply to financial statements prepared in accordance to Generally Accepted Accounting Principles (GAAP)—typically your organization’s audited statements. However, in reality,... Read More →
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