A new regulation can mean the difference between your organization obtaining or losing donations and grants. FASB’s new ASU 2016-14 will require all not-for-profits to re-evaluate the financial reporting model to improve financial statement disclosures, which will ultimately affect how financial statements are used to make decisions to lend, donate or grant resources. Join us for a complimentary webinar designed to prepare you for this new regulation and put your best foot forward with donors.
Upon completion of this webinar, participants will be able to:
- Discuss net assets classification with and without donor restriction
- Recognize how to disclose governing board designations and self-imposed limits for appropriations
- Identify the organization’s requirement to prepare a functional expense report both on a natural and functional classification
- Describe how an organization manages its available liquid resources to meet cash needs for general expenditures