Calculator, pen, eyeglasses and tax forms on wooden table
Resources

Accounting standards you might have overlooked

Jun 17, 2024 · 11 min read

SECTION

EXCLUSIVE

Not-for-profit entities (NFPs) recently have been focused on two major upheavals in the accounting standards—leases and credit losses—and to a lesser extent, the required disclosures about contributions of nonfinancial assets, but FASB has also issued other accounting standard updates (ASUs) that affect NFPs. This article discusses the following FASB ASUs that you may have overlooked:

  • FASB ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which was effective upon issuance on December 21,

Reserved for NFP Section Members

Already a NFP Section Member?

Log in with your account
 
Forgotten email
Forgotten password

Not a NFP Section Member?

To gain access to exclusive content, your first step is to join the AICPA & CIMA.

Discover the benefits of:

Related content

}