Not-for-Profit Entities Industry Developments, 2016

You?ll find targeted discussion of emerging practice issues, plus current economic, accounting and auditing developments. Key Benefits: Among other topics, this Alert focuses on risks related to recent NFP trends, going concern, revenue recognition, and fair value issues. Also included is a discussion of recent and planned IRS activity with regard to NFPs. This alert also includes information on emerging issues such as: Measuring the effectiveness of nonprofits Alternative investment considerations Going concern IRS exempt organizations activities FASB not-for-profit standard-setting activity UPMIFA policies Updates FASB ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) FASB ASU No. 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity?s Ability to Continue as a Going Concern FASB ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity FASB ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs FASB ASU No. 2015-07, Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) FASB ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities Who Will Benefit: Audit and accounting firms with nonprofit engagements Financial managers at nonprofit organizations