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2016

April 4, 2016 — FASB Decides on Transition Provisions and Effective Date for Guidance on Presentation of Financial Statements of Not-for-Profit Entities

FASB Decides on Transition Provisions and Effective Date for Guidance on Presentation of Financial Statements of Not-for-Profit Entities

Accounting Journal Entry
April 4, 2016 — At its meeting last week, as part of Phase 1 of its project on the presentation of financial statements of not-for-profit entities (NFPs), the FASB continued to redeliberate its proposed ASU1 and made tentative decisions about the transition provisions and effective date for its forthcoming standard.

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