This research aims to prepare the financial statements in accordance with the Accounting Standards Update ASU 2016-14 "Presentation of Financial Statements of Not-for-Profit Entities and showing its impacts on the financial ratios of non-profit organizations. the applying on the 2018 financial statements of Jiyan Foundation for Human Rights that operating in Kurdistan Region of Iraq. The importance of this research is the Impact role played by these organizations in increasing job opportunities, fighting poverty and providing services to the community, In addition the FASB’s Accounting Standards Update ASU 2016-14 "Presentation of Financial Statements of Not-for-Profit Entities" contains changes in reporting requirements that will significantly affect the stakeholders' decisions, and it also helps non-profit organizations to present their financial statements with transparency and clarity, Furthermore it has benefits for the management in accessing sources of funds through the transparency that provides in the presentation of financial statements. To achieve the objectives of the research and test its hypotheses, the financial statements of Jiyan Foundation for Human Rights have been prepared in according to the Accounting Standards Update ASU 2016-14 "Presentation of Financial Statements of Not-for-Profit Entities", and have been compared to the financial statements that prepared by Jiyan Foundation according to the Iraqi Unified Accounting System, and highlighting the differences between the financial statements according to both standards, some analytical schedules has been added to clarify the differences between both standards. In addition, the financial ratios of non-profit organizations have been calculated, showing the impacts of Accounting Standards Update ASU 2016-14 on those ratios.

AREE SAEED MUSTAFA is presently serving as an Assistant Professor of Department of Accounting of Duhok University. Before joining the department, he worked as an Audit Assistant at Kurd-sky for general trade and communication. He obtained his PhD in Accounting from the Department of Accounting of Universiti Utara Malaysia. He is teaching accounting courses in Higher Institute of Accountant and Auditors since 2018. He also is working as adjunct faculty at the American University of Kurdistan