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Audit

ASU 2016-14, Not-for-Profit Entities

by Courtney Dollhopf
Presentation of Financial Statements for Not-for-Profit Entities Read more
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Accounting Standards | Audit | Cash Flow Statement | Expense Classification | Investments | Liquidity | Net Asset Classification | not-for-profit
Audit

Contributions vs Exchange Transaction for Not-for-profits

Contributions
by Richard Fischer
On June 21, 2018, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. Read more
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Accounting Guidance | Accounting Standards | ASU 2018-08 | Audit | Business Income | contributions | exchange transaction | not-for-profit
Audit

Leases: Accounting Standards 2016-02

Leasse
by Richard Stephenson
Even though effective dates for ASU 2016-02 appear to be far in the future, companies should think about preparing for this new standard sooner rather than later because of FASB's new revenue recognition. Read more
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Accounting Standards | ASU 2016-02 | Audit | Leases | Liabilities | Public Business
Audit