An acceptable alternative to the Statement of Activities is present in two statements: 1) Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets 2) Statement of Changes in Net Assets
These two statements can replace it because the statement of Unrestricted Rev, Exp, and other changes in unrestricted NA includes sections for the unrestricted revenues, the net assets released from restrictions, and expenses and losses leading to the total increase in unrestricted NA. For the Statement of Change in NA, it includes unrestricted revenues, temporary restricted net assets, and permanently restricted net assets.
An acceptable alternative to the Statement of Activities is present in two statements:
ReplyDelete1) Statement of Unrestricted Revenues, Expenses, and Other Changes in Unrestricted Net Assets
2) Statement of Changes in Net Assets
These two statements can replace it because the statement of Unrestricted Rev, Exp, and other changes in unrestricted NA includes sections for the unrestricted revenues, the net assets released from restrictions, and expenses and losses leading to the total increase in unrestricted NA.
ReplyDeleteFor the Statement of Change in NA, it includes unrestricted revenues, temporary restricted net assets, and permanently restricted net assets.