Enhancing Transparency: New Liquidity Disclosures for Not-for-Profits
Published October 25, 2018
Are you interested in how new standards might affect reporting requirements for nonprofit financial statements? This article discusses how to assess current systems, technology, policies, and procedures to meet the new requirements and better allow stakeholders to make recommendations. Larrieux explains why nonprofit accounting firms should become very familiar with the Financial Accounting Standards Board's update entitled Presentation of Financial Statements of Not-for-Profit Entities. These new standards are expected to improve the usefuness of information provided to donors, grantors, creditors, and other users of nonprofit financial statements.
New liquidity disclosures for not-for-profit (1.66 MB / pdf)