The New FASB Accounting Standards: What do they mean for you?

Nonprofit Quarterly’s Ruth McCambridge interviewed Hilda Polanco about the the FASB Accounting Standards, looking at what they’ll mean for how nonprofits will report their finances.  The development of the new standards began in 2009 and will be the standard for fiscal years after December 15, 2017.  In the interview, Hilda flags three areas of particular importance:  The classification of net assets, how organizations track liquidity, and how they will present expenses.  Click here to read the article and interview at the Nonprofit Quarterly.

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