Financial Reporting Standards Guide for Not-for-Profits

Thank you for your interest in our financial reporting standards guide for not-for-profits.

The Financial Accounting Standards Board issued Accounting Standards Update 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, on August 18, 2016. It enables not-for-profits to better tell their financial story, make financial statements more useful to readers, and provide more consistency in reporting between organizations. 

This guide provides an overview of the new financial reporting standards as well as a reporting checklist that serves as a helpful reference for not-for-profits implementing the new financial reporting requirements.