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New Not-for-Profit Disclosure Requirements Provide a Clearer Picture

The new disclosure requirements set by ASU 2016-14 require not-for-profits to do extra work in preparing their financial statements.  These disclosures provide the benefit of providing a more transparent perspective of how an organization’s financial picture really looks.   ASU 2016-14 requires the following changes to financial statement presentation and disclosures: Net assets are no…