To assist managers of not-for-profit (NFP) organizations to report on their accountability for donor-imposed restrictions, FASB standards

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To assist managers of not-for-profit (NFP) organizations to report on their accountability for donor-imposed restrictions, FASB standards require that NFP organizations report their net assets (the difference between total assets and total liabilities) in three separate categories. What are the three required categories of net assets?

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078110931

16th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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