Updated warning for tsunami on the horizon for charity financial statements.

tsunami” by hansol is licensed under CC BY 2.0

The July 2017 post explaining Before the tsunami hits it might be time to tune into the accounting rules on the horizon has been updated to mention ASU 2018-08, which addresses accounting for contributions and grants. Might be worth your time to think about the major changes in accounting rules coming into play over the next few years.

 

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