—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
Accounting Standards Updates FASB’s Technical Agenda for NFP Financial Statements Project Organized in Two Phases AAFCPAs would like to make you aware of the two phases that comprise the technical agenda for FASB’s Nonprofit Financial Statement Project. On April 22,... February 3, 2016
Accounting Standards Updates AAFCPAs’ Update on Decisions Reached in FASB NFP Financial Statements Project The Financial Accounting Standards Board (FASB) is evaluating 263 comment letters, including feedback from AAFCPAs, as part of their invitation to stakeholders for review and... February 3, 2016
Accounting Standards Updates FASB Issues Standards for Recognition and Measurement of Financial Assets and Liabilities AAFCPAs wants to alert you to this change from the Financial Accounting Standards Board (FASB). In their effort to provide users of financial statements with... January 19, 2016