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Abstract
The Financial Accounting Standards Board has proposed several substantive changes to accounting standards for nonprofits, reflecting what it said are much‐needed updates to financial reporting requirements that haven't changed much since the early 1990s.
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The Financial Accounting Standards Board has proposed several substantive changes to accounting standards for nonprofits, reflecting what it said are much‐needed updates to financial reporting requirements that haven't changed much since the early 1990s.
Key concepts: Accounting, Financial accounting, Accounting standard, Mark-to-market accounting, Fund accounting, Business, Accounting information system, Accounting management