AccuFund Releases New White Paper to Help Nonprofits Understand New FASB Accounting Standards Update

The Financial Accounting Standards Board recently released a new accounting standards update for nonprofits in efforts to help them improve the way they present information in financial statements. The new accounting standards update provides “more useful information to donors, grantors, creditors and other users of financial statements, particularly addressing the long-term sustainability of the organization,” AccuFund said in a press release.

In efforts to help nonprofits better understand, prepare and implement the new accounting standards update, AccuFund, a provider of nonprofit financial reporting and accounting software, has released a three-part white paper series, “Understanding. Preparing. Implementing. FASB ASU 2016-14 Reporting Requirements for Not-for-Profit Organizations.” Here are the topics that each part pinpoints:

• Part one: Understanding the changes and how they might affect your nonprofit.
• Part two: Preparing and implementing ASU 2016-14 at your nonprofit.
• Part three: Getting the changes implemented in a “To-Do” life format.

For more information about the white paper, click here.