This course will be an overview of:

• The history, deliberations, and overview leading up to FASB's issuance of ASU 2016-14.
• Shortcomings in financial statement presentation for not-for-profit entities that led to the changes.
• Net asset reporting classification changes for not-for-profit entities.
• Disclosure and reporting changes with respect to liquidity within not-for-profit financial statements.
• Expense presentation changes on not-for-profit financial statements.
• Next steps with respect to implementation of the guidance and Phase II of the project.