INSIGHTS & EVENTS

The source for thought leadership, firm news, and media coverage representing Klatzkin’s insight across services and industries.

Accounting Standard Updates Enter Second Year

As we near the end of fiscal 2019, business officers can look back on a full year of implementing the (relatively) new not-for-profit accounting standard updates. The Financial Accounting Standards Board released ASU 2016-14 three years ago to streamline net asset classification and improve clarity about nonprofits’ liquidity, but the changes went into effect just last year. Here is a quick refresher on the changes and a few recommendations for schools still adapting to them.

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