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Changes to accounting standards offer new options for collections‐related revenue
Publication year - 2019
Publication title -
nonprofit business advisor
Language(s) - English
Resource type - Journals
eISSN - 1949-3193
pISSN - 1531-5428
DOI - 10.1002/nba.30635
Subject(s) - accounting , revenue , business , financial accounting , profit (economics) , accounting standard , flexibility (engineering) , accounting information system , economics , management , microeconomics
An Accounting Standards Update issued recently by the Financial Accounting Standards Board offers a broad swath of nonprofits—and even some for‐profit companies—some new flexibility when buying, selling or caring for “collections” such as books, works of art, antiquities and other items on display for the public.