In this session, panelists will provide an overview of the new accounting standards that should be on nonprofits’ radar for 2023. Experts will provide an adoption roadmap to implement the new ASC 842 lease standard and provide clarity to determine whether a contribution is conditional or unconditional. They’ll also dive into reporting on digital assets and the upcoming new standards, such as ASU 2020-07 Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.