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FASB Update on Revenue Recognition: Practical Steps for Implementation
The intent of the Financial Accounting Standards Board’s (FASB) Revenue Recognition Standard is to develop a single, principle based revenue standard for U.S. Generally Accepted Accounting Principles...
FASB Releases Accounting Standards Update for Presentation of Financial Statements of Not-For-Profit Entities
ASU No. 2016-14 to Impact Not-For-Profit Financial StatementsOn August 18th, 2016, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (2016-14) to refresh...
FASB Update: Revenue Recognition Updates
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers, on May 28, 2014. Additional Updates on this topic have...
FASB Releases Lease Accounting Standards Update (ASU 2016-02)
FASB has issued its long-awaited lease accounting standards update that impacts non-profits. The update aims to improve financial reporting about leasing transactions and will affect all...
FASB Update for Non-Profits and Health Care Entities
Most recently, the Financial Accounting Standards Board (FASB) has tentatively affirmed items regarding financial statements for the proposed FASB Accounting Standards Update, Not-For-Profit...
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