Posts tagged Nonfinancial Assets

FASB Approves New Standards and a Proposed Effective Date Delay

FASB, Business Owners, Financial Reporting, NonprofitsThe Doty GroupJune 10, 2020FASB, Financial Accounting Standards Board, Convertible Debt Instruments, Nonprofit, Nonfinancial Assets, Gifts-in-kind, GAAP, Insurance Companies, Financial Services, Long-Duration ContractsComment

FASB Proposes Improvements to Accounting for Contributed Nonfinancial Assets by Not-for-Profit Organizations

The proposed ASU would require a not-for-profit organization to present contributed nonfinancial assets as a separate line item in the statement of activities.

NonprofitsThe Doty GroupFebruary 10, 2020FASB, Accounting Standards Update, Nonfinancial Assets, Gifts-in-kind, Nonprofit, Financial Accounting Standards BoardComment