Are you ready for the first substantial change in not-for-profit financial reporting in decades? Not since FASB 116/117 was issued in the 1990s has there been such a significant modification in the way that NFPs tell their story. Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-14 was issued in August 2016 and is effective for years beginning on or after December 15, 2017. This standard update is Phase I and will impact virtually every not-for-profit organization and the presentation of their financial statements. Key changes include net asset classification, presentation of investment return/expenses, reporting and disclosure of operating measures, reporting and disclosure of liquidity/availability and resources, and presentation of the cash flow statement. Join the webinar to learn about these changes, how you can help your auditors in gathering information, and what you can do to efficiently and timely implement the changes.