Region 4 Parent Technical Assistance Center   
News Brief  4/24/18
Nonprofits Take Note - New FASB Standards

The Financial Accounting Standards Bureau's (FASB's) new standards for nonprofit financial statements have gone into effect and all Family Centers should familiarize themselves with three significant changes. They will matter come audit time.
  
This read isn't flashy, but it is necessary to make certain you are on top of the rules we must all live by! There are important things to adjust to regarding: Donor Restrictions, Liquidity, and Functional Expenses - all terms Family Center Directors should be familiar with.

Outcome: Enhancing your center's ability to effectively manage their work and maintain a stable, effective organization.
  

Region 4 Parent Technical Assistance Center - WI FACETS