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New FASB ASU 2016-14 on Not-For-Profit Financial Reporting and Disclosures: Are You Ready?

Revise Reporting Practices for Net Asset Classification, Expense Reporting and Liquidity Disclosures

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Tuesday, June 26, 2018

Recorded event now available

or call 1-800-926-7926

This course will provide not-for-profit (NFP) auditors and professionals with NFP financial reporting responsibilities with a thorough and practical guide to the new FASB ASU 2016-14 reporting standard, applicable to almost all nonprofits, and prepare to implement its significant changes to financial reporting and disclosures for NFPs.


FASB released its Presentation of Financial Statements of Not-for-Profit Entities in Aug. 2016. The updates change how NFPs classify net assets and prepare financial statements, effective for annual financial statements for fiscal years beginning after Dec. 15, 2017, and for interim periods within fiscal years beginning after Dec. 15, 2018.

The revisions focus on clarity of information regarding liquidity and availability of financial assets and consistency in reporting expenses by function and nature. The standard also provides guidance on required, specific disclosures.

These extensive changes to NFP financial reporting require NFP executives and advisers to fully implement an action plan that includes training auditing staff, preparing other members of the organization who use financial reporting for making business decisions, and reexamining existing financial reporting policies and procedures for necessary updates.

Listen as our experienced panel provides a thorough briefing on the ASU 2016-14 changes to NFP financial reporting, including net asset classifications, underwater endowments, board-designated net assets, restrictions to long-lived assets, disclosure requirements, and more. The panel will outline concrete guidance on implementing a transition plan to fully comply with the new requirements.



  1. NFP financial reporting key changes
  2. Net asset classification
  3. Liquidity and availability of cash
  4. Reporting financial performance measures
  5. Reporting expenses by function and nature
  6. Statement of cash flows
  7. Underwater endowments
  8. Next steps


The panel will review these and other crucial issues:

  • Net asset classifications
  • Underwater endowments
  • Board-designated net assets
  • Transparency and utility of liquidity information
  • Reporting financial performance measures


Altholz, Amy
Amy Altholz, CPA, CGMA


Ms. Altholz is the Vice Chair of the Firm's Not-For-Profit Services Group. Her focus is on assurance services and...  |  Read More

Thompson, Kelly
Kelly Thompson, CPA

The Bonadio Group

Ms. Thompson's experience includes financial statement audits, technical quality control reviews, single...  |  Read More

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