In 2016, the Financial Accounting Standards Board (FASB) published Accounting Standards Update (ASU) No. 2016-14, "Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities." This document mandates changes to non-profit financial statements. Organizations are encouraged to learn more about these new requirements and even consider early adoption. Even if an agency decides against early implementation, fiscal and management staff should review the ASU and identify decisions to be made and bookkeeping changes necessary for compliance.