Starting in 2018, a new accounting standard goes into effect for charities, public universities and colleges, and other types of cultural, religious and trade-related not-for-profits. Accounting Standards Update (ASU) No.
The AICPA is asking the Financial Accounting Standards Board (FASB) for special breaks for private companies as they implement the new revenue recognition standard, which goes into effect for private companies in 2019.
This webinar takes a deep dive into ASU 2016-14 with real world examples and action steps for your organization to implement the new standards.
Accounting Standards Update (ASU) 2016-04 – Presentation of Financial Statements of Not-for-Profit Entities – significantly changes generally accepted accounting principles (GAAP) that have guided nonprofit entities (Topic 958) for decades.