Recommended Changes to Cash Flow Statements and Statements of Functional Expenses Reporting for Not-for-Profits

As part of the not-for-profit financial statement project in the fourth quarter of 2013, the FASB has recommended changes in the reporting requirements for cash flow statements and the statement of functional expenses.

Our latest MHM Messenger describes these two items in more detail: FASB Recommends Changes to Cash Flow Statements and Statements of Functional Expenses Reporting

MHM’s Professional Standards Group will continue to monitor these developments and we are prepared to help our not-for-profit clients with any implementation issues that may arise.

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