Скачать или смотреть LeadingAge Philanthropy Network Lunch & Learn Program - FASB 2016-14 and UPMIFA - March, 2017

The webinar takes an in-depth look at FASB Accounting Standards Update No. 2016-14, which, among other changes:

• decreases the number of net asset classes from three to two (net assets with donor restrictions and net assets without donor restrictions);
• requires non-profits to provide qualitative information on how it manages its liquid available resources and risks; and
• requires both reporting and analysis of expenses by function and nature.

While the changes, which take effect for annual financial statements issued for fiscal years beginning after December 15, 2017, don’t represent a sea change, they nevertheless will have an effect on donor messaging.

The webinar also will touch upon the Uniform Prudent Management of Institutional Funds Act and how it affects endowments and other restricted funds.