The new standard hopes to improve financial reporting... L Gwo 被引量: 0发表: 2018年 Overhaul Falls Short on Usefulness and Practicality The author discusses the proposed changes to nonprofit financial statements in the proposed Accounting Standards Update (ASU), Not-for-Profit Entities and Health...
Under the revised guidance, all entities are required to account for the derecognition of a business or nonprofit activity in accordance with the derecogntion guidance in ASC Topic 810,Consolidation. In other words, businesses and nonprofit activities are excluded from the scope of ASC Subtopic 610...
• This Statement establishes the objectives of general purpose external financial reporting by nonbusiness organizations. —Based on its review of those objectives and the objectives set forth in FASB Concepts Statement No. 1, Objectives of Financial Reporting by Business Enterprises, the Board ...