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From an Expert: Nonprofit Accounting – Services Received from Personnel of an Affiliate

It is common for affiliated nonprofit organizations to share personnel services. The Financial Accounting Standards Board (FASB) believes nonprofit organizations that benefit from unreimbursed personnel services are utilizing differing approaches to account for these services. Therefore, the FASB issued an Accounting Standards Update (ASU) 2013-06 to provide guidance about recognizing and measuring personnel services received…

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