Changes to grant and contribution accounting standards may finally give nonprofits clarity

by The ARB Team

Earlier this month, the Journal of Accountancy published this article about the rule changes proposed by FASB. If the rules are approved as proposed, accounting guidance would change for contributions received and made by nonprofits. This has been a long-time area of concern for many nonprofits.

ARB’s Not-for-Profit Group enthusiastically awaits more details and will watch this issue as it progresses. Read more about the proposal here. Let us know if you have questions.

 

 

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