An accounting year ending on a date other than December 31 is referred to as a year. Fiscal Calendar Other: The FASB Accounting Standards Update to Not-for-Profit Entities requires additional information to be disclosed. This includes the organization's ability to meet it's financial Your answer A nonprofit's expenses are reported as part of the changes in net assets donor restrictions. With Without Normally the principal portion of an endowment will be classified as net assets donor restrictions. With Without.