B04 – Reasons Driving the Need for Industry-Specific Nonprofit GAAP (LIVESTREAM) (LIAA84/21)
Nonprofits face unique challenges compared to for profit entities in the preparation and fair presentation of financial statements. This segment will discuss the fundamental reasons driving the need for industry-specific GAAP for nonprofits.
Anyone who prepares or provides professional services on nonprofit entity financial statements
- List reasons why nonprofits require unique elements for fair presentation of financial statements and related disclosures
- Characteristics unique to a nonprofit entity that impact
- Highlights of elements of financial statements and disclosures that are specific to nonprofits, such as net asset presentation and required liquidity disclosures
This event is brought to you as part of Spring Splash.