Issue analysis - natural and functional class presentation
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Issue analysis - natural and functional class presentation

4 years ago · 269.3 KB Download

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FASB Accounting Standards Update (ASU) No. 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, among other provisions, requires all not-for-profit entities, including health care entities, to report expenses by nature and function in one location (face of statement of activities/operations, separate statement or footnote disclosure). This requirement is not necessarily drastically different that current functional expense reporting requirements but is different than what is seen in prevailing industry practice. Health care entities have historically not reported expenses by functional

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File name: nat-funct-classif-of-expenses.pdf

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