Financial Accounting Standards Board (FASB) Guidance for Independent Schools on FASB’s New CECL Model The long-awaited Current Expected Credit Losses (CECL) Standard, Accounting Standards Update 2016-13 – Financial Instruments-Credit Losses (Topic 326) is effective for nonpublic businesses and not-for-profit entities... February 23, 2024
Legislative & Regulatory Updates CECL Standard’s Significant Impact on Financing and Trade Accounts Receivable AAFCPAs Provides Business Guidance on FASB’S New CECL Model Guidance May Have a Significant Financial Reporting Impact on Financing and Trade Accounts Receivable The long-awaited... October 4, 2023
Growth Story AAFCPAs Announces New Director Promotions AAFCPAs, a best-in-class CPA and consulting firm known for tax, assurance, accounting, wealth management, business process, and IT advisory solutions, today announced employee promotions to... March 13, 2023
Uncategorized Schools Eligible for the Employee Retention Credit AAFCPAs would like to remind independent schools of the availability of the Employee Retention Credit (ERC). The ERC provides significant refundable payroll tax credits to... November 17, 2022
Independent Schools Guidance on Lease Standard for Independent Schools What Lessees Need To Know In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease... September 15, 2022
About AAFCPAs Diamond, Doiron Join AAFCPAs’ Assurance Team Boston, MA (12/22/21) – AAFCPAs, a best-in-class CPA and consulting firm known for assurance, tax, accounting, wealth management, business process, and IT advisory solutions, today... December 22, 2021
