Financial Accounting Standards Board (FASB) SAVE THE DATE: AAFCPAs to Share Valuable Revenue Recognition Guidance for Nonprofits AAFCPAs will present two educational webinars, providing an overview of new Revenue Recognition standards for Commercial Businesses and Nonprofit Organizations. Attendees will gain an understanding... March 15, 2018
Accounting Standards Updates AAFCPAs Provides Guidance on Potential Impact of FASB’s Proposed Changes to NFP Grant and Contribution Accounting The Financial Accounting Standards Board (FASB) met on February 14, 2018 to redeliberate the amendments in the proposed Accounting Standards Update (ASU), Not-for-Profit Entities (Topic... March 6, 2018
—By Author Biggest Improvement of Financial Reporting Guidance in Two Decades for Not-for-Profit Entities On August 18, 2016, the FASB issued a final ASU 2016-14, Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities, to improve financial... August 23, 2016
—By Author Implementation Guidance Related to Performance Obligations and Licensing AAFCPAs would like to make clients aware of a recent accounting standards update (ASU) issued by the Financial Accounting Standards Board (FASB) which clarifies the implementation... June 3, 2016
—By Author Nonprofit Financial Statement Project/ASU Update – FASB Announces Transition Method and Effective Dates The Financial Accounting Standards Board (FASB) reached much anticipated decisions regarding the transition and effective date for its Nonprofit Financial Statements Project, as of their... April 6, 2016
—By Author FASB ASU Clarifies Principal vs. Agent Revenue Recognition Considerations AAFCPAs would like to make clients aware of a recent accounting standards update (ASU) issued by the Financial Announcing Standards Board (FASB) which clarifies the... March 28, 2016
—By Author FASB Decisions Regarding NFP Financial Statements Project from March 2 Meeting The Financial Accounting Standards Board (FASB) continued its Phase 1 deliberations at its March 2nd, 2016 Board Meeting on the proposed FASB Accounting Standards Update... March 11, 2016
—By Author The Pervasive Impact of Revenue Recognition on Independent Schools The effective date of Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers has been deferred for all entities by one year; however,... February 17, 2016
—By Author AAFCPAs’ Update on Decisions Reached in FASB NFP Financial Statements Project The Financial Accounting Standards Board (FASB) continued its Phase 1 deliberations at its February 3, 2016 Board Meeting on the proposed FASB Accounting Standards Update... February 16, 2016