Connections

INSIGHTS FOR NONPROFITS

FEBRUARY 26, 2016  
CONNECT
Director of Nonprofit
888.918.3565     

 

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Eide Bailly is a top 25 CPA firm in the nation, has worked with nonprofits since 1917 and currently services more than 1,600 organizations across the nation.
 
Connections is published on a regular basis to keep our clients and business friends informed of current news impacting nonprofits.
FASB Issues Final Standard on Lease Accounting
 
After several years of work, including collaboration with the International Accounting Standards Board (IASB), the Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) No. 2016-02, Leases. The issuance and resulting application of this guidance will result in major changes in the financial reporting for leasing arrangements, particularly for lessees, as significantly more leasing arrangements will be reported on the balances sheets of lessees. 

Click here to read a full summary of this important ASU.

    

 

 

Beth Bird
Director of Nonprofit

612.253.6565
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