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Restricted and Unrestricted Funds for a Nonprofit  Form

Restricted and Unrestricted Funds for a Nonprofit Form

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Instructions and help about Restricted And Unrestricted Funds For A Nonprofit

[Music] hi I'm Andrea Wright and I'm a partner and I'm not for profit practice thank you for joining me to talk about the changes in net asset classification and disclosure as a result of the not-for-profit financial reporting standard net assets previously classified as unrestricted are now classified as net assets without donor restrictions NASA sets previously classified as temporarily or permanently restricted are now classified as net assets with donor restrictions the two-level classification is intended to reduce complexity and confusion for financial statement users as to when temporarily restricted net assets are available for the not-for-profits news now as for disclosures under the new standard another profit has to disclose the purpose and period that net assets with donor restrictions are not available this information can be presented either in the footnotes or on the face of the statements in the statement of financial position thanks so much for

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