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Non-Profits Organization – Releases From Restrictions – Accounting

Accounting is usually boring and non-dramatic, except when accountants are faced with releases from restrictions when dealing with non-profits. This is when you see accounting types, such as CPAs and auditors, especially those with no non-profit background, laughing a bit too nervously. Blame it all on FASB 117!

“Net assets released from restrictions” (NARFR) is not …

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