July 7, 2017

New rules set to take effect for the fiscal year after Dec. 15, 2017 will change the way nonprofits report and describe their net assets.

February 27, 2017

The new accounting guidance on nonprofit financial reporting applies to fiscal years beginning after Dec. 15, 2017 (calendar 2018 for calendar-year organizations); however, early adoption is permitted. So now is a good time to think through the impact the new accounting standards will have on your financial statements.

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