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NFPs: Reporting a measure of operations and oft-missed disclosures

Jul 20, 2016 · 241 KB Download

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This report presents two topics related to not-for-profit entity (NFP) financial reporting:

  • Guidance about presenting an intermediate measure of operations in a NFP statement of activities. A number of NFPs are improperly reporting such a measure.

  • A reminder about certain disclosure requirements that are being missed by some NFPs and a simple tool to help ensure such disclosures are not missed on your engagements.

Numerous NFPs choose to display a self-defined measure of operations in addition to the required measure

Download the CPEA report: Not-for-Profit Entities - Reporting a measure of operations and oft-missed disclosures

File name: CPEA report - Not-for-Profit Entities - Reporting a Measure of Operations and Oft-Missed Disclosures.pdf

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Mentioned in this article

Topics

Accounting & Financial Reporting
Firm Practice Management
Not-for-Profit

Subtopics

Center for Plain English Accounting
FASB Not-for-Profit Accounting & Financial Reporting
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