FASB to Conduct More Research Before Making NFP Liquidity Recommendations

At a recent FASB meeting, the Board instructed staff to conduct more research into the implications of providing liquidity information on an NFP’s financial statements and notes.  Many of the suggestions were met with support AND reservations.  Board members were concerned that there could be overlap that would result in redundant disclosures.

The Board has taken on this discussion with the objective that clarity is achieved in how not-for-profits provide information that allows donors, creditors, and other users to assess the liquidity of an NFP.


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