The purpose of this article is to alert you to the new accounting standards that will become effective for financial statements for fiscal years ending during 2023.
Not-for-profit entities (NFPs) that are publicly traded bond obligors occasionally have to adopt accounting standards earlier than other NFPs. Publicly traded bond obligors are NFPs that have issued or are conduit bond obligors for securities that are traded, listed, or quoted on an exchange or an over-the-counter market. Those NFPs have already adopted