New FASB Agenda Items Focus on NonProfits

The Financial Accounting Standards Board acted on recommendations from its Not-for-Profit Advisory Committee by adding to its agenda a standard-setting project that will focus on the financial statements and related notes that are unique to nonprofit organizations, and a research project that will study other means of communication that nonprofit organizations currently use in telling their financial stories.

http://www.journalofaccountancy.com/web/20114779.htm