VIDEO: Nonprofit Financial Reporting – Net Assets
Today we present the fifth short video in a series that covers various aspects of the changes to nonprofit financial reporting. If you’re looking for information about Functional Expenses, Investment Expenses, Statement of Cash Flow, or Liquidity and Availability Disclosure Requirements, check out our previous videos.
In this video Andrea Wright, Partner discusses the changes to the net asset classification and disclosure.
The Not-for-Profit Financial Reporting Standard was issued in August 2016 and is effective for audits for calendar year-end December 31, 2018 and fiscal year ending in 2019. Learn more about this standard and how it impacts your organization by watching this short video (less than two minutes):