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GuideStar Blog

Journal of Accountancy

Recent Posts by Journal of Accountancy:

FASB Modifies Not-for-Profit Accounting Rules

FASB [Financial Accounting Standards Board] issued a new accounting standard Thursday [August 18, 2016] that is designed to help not-for-profits tell their stories through their financial statements.

Not-for-profit financial statements have been prepared under FASB's current guidance since 1993. The new standard changes presentation and disclosure requirements with the intention of helping not-for-profits provide more relevant information about their resources—and the changes in those resources—to donors, grantors, creditors, and other financial statement users.


  Your Nonprofit Profile on GuideStar has a new Demographics section.