New Not-For-Profit Financial Reporting Standards

Not-for-Profit Accounting Standards Updates

Not-for-profit organizations are impacted by various guidance in the FASB Accounting Standards Codification® and by many of the projects currently on the FASB’s technical agenda. Additionally, the FASB has issued two Accounting Standards Updates (ASUs) that specifically pertain to not-for-profits:  Not-for-Profit Financial Statements and Grants and Contracts.