As a continuation of GRF’s webinar series, Building a Strong Accounting Foundation for Nonprofits, this session takes a forward-looking approach to the accounting standards that will shape nonprofit reporting in 2026. GRF’s nonprofit accounting specialists will break down the most important ASUs coming into play and provide practical guidance to help your organization prepare early. This webinar will focus on three high-impact updates:

ASU 2025-05 — CECL Practical Expedient for Short-Term Receivables (Topic 326 / ASC 606): What the simplified approach means for pledge receivables, exchange transactions, grants, and other short-term nonprofit receivables.

ASU 2025-06 — Targeted Improvements to Accounting for Internal-Use Software (Subtopic 350-40): How the new clarifications affect capitalization, implementation costs, cloud computing arrangements, and the growing reliance on financial systems.

ASU 2023-08 — Accounting for and Disclosure of Crypto Assets (Subtopic 350-60): Understanding how to measure, classify, and disclose digital asset holdings—especially for nonprofits receiving crypto donations.