Applying financial reporting standards can be quite complex. The BDO team can help you assess your situation and prepare for the opportunities and challenges involved.
Applies to:
- Accounting for capital assets held by GNPOs.
- Accounting for capital assets recognized under PSG-2, Leased Tangible Capital Assets, and PSG-5, Sale-leaseback Transactions.
Does not apply to:
- Items held as part of a collection (see Section PS 4240, Collections held by Not-for-Profit Organizations).