Accounting Standards Updates The Time is Now to Understand the Implications of the New Lease Standard, Effective 2020 for Private Companies and Most Nonprofits In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. There are elements of... March 7, 2019
Accounting Standards Updates AAFCPAs’ Joyce Ripianzi to Present Accounting & Tax Update for Nonprofit EDs and Board Members AAFCPAs Partner Joyce Ripianzi, CPA has been selected to present an educational Accounting & Tax Update on March 9th as part of the Essex County... February 20, 2019
Legislative & Regulatory Updates FASB Issues ASU 2018-17: Targeted Improvements to Related Party Guidance for Variable Interest Entities AAFCPAs would like to make clients aware that the Financial Accounting Standards Board (FASB) on October 31, 2018, issued an Accounting Standards Update (ASU) that... November 7, 2018
Speaking Engagements AAFCPAs Presents Workshop on Nonprofit Financial Statement Framework for Lawyers Clearinghouse ASU 2016-14, Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities, affects substantially all nonprofits as well as creditors, donors, grantors, and others... October 1, 2018
Accounting Standards Updates Investment Return Considerations for Nonprofits Implementing the New Financial Statement Presentation Framework AAFCPAs advises nonprofits in assessing the impact of the new Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of... August 7, 2018
Accounting Standards Updates Underwater Endowment Considerations for Nonprofits Implementing the New Financial Statement Presentation Framework AAFCPAs advises nonprofits in assessing the impact of the new Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of... July 30, 2018
Accounting Standards Updates Expense Reporting Considerations for Nonprofits Implementing the New Financial Statement Presentation Framework AAFCPAs advises nonprofits in assessing the impact of the new Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of... July 25, 2018
Governmental Accounting Standards Board (GASB) MTRS Issues Final GASB 68 Report, Providing Charter Schools with Their Portion of Pension Expense and Revenue AAFCPAs would like to make Massachusetts Charter School clients aware that the Massachusetts Teachers’ Retirement System (MTRS) has issued its GASB 68 “Schedule of Nonemployer... June 27, 2018
Accounting Standards Updates FASB Issues Revenue and Expense Recognition Standard for Nonprofit Grants and Contributions On June 21, 2018, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and... June 25, 2018