title: Proposed reporting model update creates dialogue between FASB and not-for-profits.
abstract: Seeing a need to refresh the current guidelines, the Financial Accounting Standards Board (FASB) proposed an update to the financial accounting and reporting model for not-for-profit entities. In a response to solicited feedback, the board is now revisiting its proposed update and has set forth a plan to finalize its new guidelines. The FASB continues to solicit and respond to feedback as the process progresses.
authors.forename: Norman C
authors.initials: NC
authors.lastname: Mosrie
mesh_terms: D000066:Accounting / Q000592:standards*; D006788:Hospitals, Voluntary / Q000191:economics*; D019221:Mandatory Reporting; D014481:United States