Accounting Changes for Non-Profits

January, 2017

In August, the Financial Accounting Standards Board released new accounting standards for not-for-profit organizations (ASU 2016-14). The changes affect the reporting of net assets, the disclosures related to functional expenses, and (potentially) the statement of cash flows.

The DeVos Institute of Arts Management is offering a one-hour webinar on the new accounting standards, specifically for arts and culture organizations. As part of the webinar, you’ll learn:

  • Details about the new standard, including its effective date.
  • What you should be doing now to prepare for the new standards.
  • Changes your may want to think about for your accounting systems.
  • Questions you should be asking your accounting and auditing team.

This webinar is geared toward arts and culture organizations that issue financial statements under generally accepted accounting principles, but it is also applicable for smaller organizations that want to know about the changes.



This webinar is available to DeVos Capacity Building program participants in Baltimore and San Jose on January 19, 2017 from 2:00-3:00 EST.


Contact the DeVos Institute for participation information. Hope to see you there!
More Information
Arts & Numbers

You don’t have to do this alone. Arts & Numbers is a comprehensive financial guide for creative individuals… and anyone else with a passion for something other than accounting and finance. This book aims to provide basic information on finance and financial matters for creative entrepreneurs to take ownership of their financial situations, thus ensuring their long-term success, creative and otherwise.

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