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...
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 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...
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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