FASB Discusses Not-for-Profit Reporting of Gifts-in-Kind

At its November 6, 2019, meeting, the FASB discussed its project on not-for-profit reporting of gifts-in-kind.

The Board made tentative decisions about the project’s scope, as well as about presentation, disclosure, and transition.

The FASB directed its staff to begin drafting a proposed ASU for a vote by written ballot.

For more information, see the tentative Board decisions on the FASB’s Web site.