The exposure draft proposed extensive changes to ASC 958 in terms of how the financial statements are presented. One of the two biggest changes will be the format and organization of the statement of activity. Two specific intermediate measures of operation will be required. Precise definitions will require that certain types of transactions, such as investment income or interest expense, will be presented in certain places. This course provides a detailed explanation of the changes proposed for the statement of activity. Upon completion of this course, the user should be able to: Recognize the operating section of the statement of activity; Identify the accounting presentation for donor restricted and quasi-endowment funds; Recognize transactions presented in the nonoperating section of the statement of activity.