FASB recently made a number of significant changes to Not-For-Profit accounting and reporting rules

Within the last few years the Financial Accounting Standards Board (FASB), the rule making body that approves all changes to Generally Accepted Accounting Principles (GAAP), has issued several major accounting and reporting revisions that effect every Not-For-Profit organization in the country.  Some of these changes are the most significant Not-For-Profit changes issued since 1994.

Click here to see a summary of the most significant changes.  The effective dates for these changes are listed on the last page.Recent Changes to NFP Accounting Rules 4-24-17