Changes to the Presentation of Financial Statements of Not-for-Profit Entities

In August 2016 the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. The stated goal of ASU 2016-14 is "to improve the current net asset classification requirements and the information presented in financial statements and notes about a not-for-profit entity’s liquidity, financial performance, and cash flows." These changes will be effective for annual financial statements issued for fiscal years beginning after December 15, 2017.

If you represent a non-profit organization -- or a donor, grantor or creditor -- you'll want to attend this one-hour CLE to discover how these amendments will change how non-profit organizations communicate with their stakeholders.

Jenkins Law Library, an accredited provider under the Pennsylvania CLE Board's Rules, will serve as the CLE provider for this course. The course has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hour of CLE credit in substantive law, practice and procedure.

This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.0 hour of total CLE credit.