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Sep 18, 2020 · The disclosure requirements in paragraph 958-605-50-1 are separate from the requirements in paragraph 958-605-50-1A and were originally put in place, in part, because of the …

A description of the valuation techniques and inputs used to arrive at a fair value measure in accordance with paragraph 820-10-50-2 (bbb) (1), at initial recognition.

ASC 958-320-50 requires extensive disclosures accompanying the annual financial statements of not-for-profit entities. Which of the following disclosures relate to the statement of activities?

Jun 2, 2025 · Learn about FASB ASC 958, the accounting standard for nonprofit financial reporting, and its importance for compliance and transparency.

Present on the face of the statement of financial position amounts for two classes of net assets at the end of the period, rather than for the currently required three classes.

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Present on the face of the statement of financial position amounts for two classes of net assets at the end of the period, rather than for the currently required three classes.

Establishes reporting standards for non-profit entities which is a balance sheet, income statement, and statement of cash flows with notes to the financials. Items in net assets and on the income statement …

Because of the overarching requirement in ASC 958-320 to carry all securities at fair value, use of the held-to-maturity classification (which permits measurement of debt securities using an amortized …