Major Nonprofit Accounting Changes
From Baruch DML on May 2nd, 2018
Within the last few years a number of major accounting revisions have been approved that will affect every nonprofit organization in the country large or small. Some of these changes will have a major impact on how an organization prepares and reports its financial statements. The major areas covered in the session are: Presentation of financial statements of nonprofit entities, reporting on revenue from contracts with customers, reporting on leases and going concern issues.