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FASB Updates Accounting Rules For Not-for-Profits

August 21, 2016/

The Financial Accounting Standards Board’s updated rules aim to make it simpler for nonprofits to classify and report their assets. The new rules also make it easier for donors, creditors and other interested parties to see how a nonprofit’s funds are being used.

By Maxwell Murphy

Full Story: http://blogs.wsj.com/cfo/2016/08/19/fasb-updates-accounting-rules-for-not-for-profits/

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