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The Latest in Accounting for Government Assistance – What Nonprofits Need to Know

Back in November 2015, the FASB released a proposed accounting standard update (ASU) designed to increase transparency about government assistance to businesses for comment. This proposed ASU,Government Assistance (Topic 832): Disclosures by Business Entities About Government Assistance, was developed in response to increasing levels of monetary assistance from both the federal government and state and local governments as well. In the proposed ASU, nonprofits have been initially scoped out.

Read full post  |  Posted by on 04.14.16


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