Steps you can take now to create exceptional liquidity disclosures
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Steps you can take now to create exceptional liquidity disclosures

3 years ago · 4 min read

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With FASB Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit (NFP) Entities effective for many not-for-profits in 2018 for calendar year ends and 2019 for fiscal year ends, the time is upon NFPs to plan for its implementation. The new requirement to provide qualitative and quantitative information about how the entity manages its liquid resources will likely require considerable thought and planning. And while the disclosure requirements may seem a bit daunting, they

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