Recent updates and guidance from KPMG, includes publications, discussions and analyses of significant issues related to Not-for-profits.
February 12, 2020
Proposals aimed at transparency over presentation and disclosure of contributed nonfinancial assets by not-for-profits.
August 13, 2019
Latest edition: KPMG provides its guidance on the consolidation of VIEs – with in-depth analysis and examples.
May 06, 2019
FASB proposals would change the accounting for goodwill and intangible assets for not-for-profits.
March 22, 2019
KPMG reports on ASU 2019-03, which realigns the definition with America Alliance of Museums’ Code of Ethics for Museums.
August 10, 2018
KPMG reports on the FASB’s proposed ASU that would modify the definition of collections.
June 25, 2018
KPMG reports on the FASB’s ASU that clarifies how not-for-profits and others account for grants and similar transactions
August 07, 2017
The proposed ASU would address practice issues by helping entities evaluate whether they should account for a grant or similar contract as a contribution or an exchange transaction
January 02, 2017
The amendments clarify the consolidation guidance for NFPs (ASC 958-810).
October 14, 2016
KPMG reports on FASB’s ASC 958 technical corrections.
August 27, 2016
KPMG reports on changes to NFP disclosures in ASC 958. The FASB’s new ASU on NFP disclosures simplifies net asset classes but requires additional information on expenses and liquidity
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