FASB ASU 2016-14 will change not-for-profit accounting by affecting a not-for-profit's financial statements concerning liquid assets and asset classes.

The Not-for-Profit Accounting Update You Need to Know About


Jimmy Mo, an EisnerAmper partner who leads the firm’s Not-for-Profit Services Group in Pennsylvania, reviews FASB ASU 2016-14. If you’re a not-for-profit executive, you need to know about this update and its 5 requirements. Jimmy talks about the reason for this significant update, implementation timeline, the opportunity it represents, and why you shouldn’t wait to have a conversation with your business advisor.


Dave Plaskow: Hello and welcome to EisnerAmper’s podcast series. We’re always interested in the latest trends and developments as well as any related business and accounting opportunities and challenges. Today we’re going to examine the new accounting standard update - Preparation of Financial Statements for Not-for-Profit Entities. I’m your host Dave Plaskow and with us today is Jimmy Mo, an EisnerAmper partner who leads the firm’s not-for-profit services group in Pennsylvania. Jimmy, welcome and thanks for being here.
Jimmy Mo: Great to be here Dave.

About Jimmy Mo

Jimmy Mo CPA, Partner, EisnerAmper Not-for-Profit Services Group, has expertise in not-for-profit and health care industries, working with organizations such as museums, foundations, cultural/religious and research/scientific, among many others.

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