Free

Nonprofit Workshop: Financial Statement Presentation Changes

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Rochester Area Foundation

12 Elton Hills Drive Northwest

Rochester, MN 55901

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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.

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Rochester Area Foundation

12 Elton Hills Drive Northwest

Rochester, MN 55901

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