Nonprofit Workshop: Financial Statement Presentation Changes

The Rochester Area Foundation was established in 1944. Through philanthropic leadership and community partnerships, it helps build and improve the quality of life in the greater Rochester area. For more information on how the Foundation can connect you with the causes you care about most, please call 507-282-0203 or visit us online atwww.rochesterarea.org.

Rochester Area Foundation

On August 18, 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-14, which will change the way financial statements and disclosures are currently presented. The purpose of the standard is to improve the current net asset classification requirement and the information presented in financial statements and notes about a not-for-profit entity's liquidity, financial performance and cash flows. The change is effective for annual financial statements issued for fiscal years beginning after December 15, 2017. 
The nonprofit professionals at Hawkins Ash CPAs will host a free local training in partnership with the Rochester Area Foundation to ensure your nonprofit is ready for the change. Lunch will be provided. If you have questions contact Hawkins Ash at 507.424.1233.

Nonprofit Workshop: Financial Statement Presentation Changes

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Nonprofit Workshop: Financial Statement Presentation Changes

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