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Updated accounting standards issued for nonprofits
Publication year - 2016
Publication title -
nonprofit business advisor
Language(s) - English
Resource type - Journals
eISSN - 1949-3193
pISSN - 1531-5428
DOI - 10.1002/nba.30236
Subject(s) - accounting , comparability , clarity , creditor , transparency (behavior) , business , accounting standard , financial accounting , accounting information system , finance , computer science , computer security , debt , biochemistry , chemistry , mathematics , combinatorics
The Financial Accounting Standards Board has finalized its Accounting Standards Update for nonprofits, incorporating a series of changes the organization says will enable charities to provide greater clarity and transparency in their financial statements and allow for better comparability from group to group—benefiting a whole host of end‐users of those statements, including creditors, donors, grantors, trade associations and other industry groups.