Wednesday, April 29, 2015

The Proposed New Accounting Standards for Nonprofits

The Financial Accounting Standards Board has now released an exposure draft of proposed changes to accounting rules for nonprofit entities. Many in the nonprofit sector are wondering what it means for them but perhaps not enough to read the entire 261 pages. If that is your circumstance, I did my best to summarize what I see as the primary changes here for the Chronicle of Philanthropy.

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