Accounting Standards Update 2023

In this webcast, recorded April 2023 at AAFCPAs’ Nonprofit Educational Seminar, AAFCPAs’ nonprofit assurance leaders are back again with our fast-paced accounting standards update. This year, we discuss the Lease standard and what to think about now in year two of adoption (such as lease renewals, accounting changes, and schedules). We also dig into what nonprofits need to know about the Current Expected Credit Losses (CECL) standard, effective for CY 2023 and FY 2024. AAFCPAs assists clients in confidently applying new accounting standards with efficiency and ease!

Download the full slides from AAFCPAs’ Nonprofit Seminar >>

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About the Authors

Olga Yasinnik, CPA, MBA

Olga specializes in driving high-energy audit teams, and advising sophisticated nonprofit organizations, including multi-services human & social services providers, community development corporations (CDCs) and their affordable housing development projects. She provides proactive guidance to these clients who receive state and federal grants, and must file Uniform Financial Reports (UFRs) and require audits in accordance with Uniform Guidance/Single Audit and Government Auditing Standards. Olga has extensive experienced in advising clients with projects funded by Low Income Housing and Historical Tax Credits. She is an active leader of AAF’s Affordable Housing and Real Estate Community Development, and Human & Social Services practices.

Angelina Aijun Lu, MSA, CPA

Angelina Aijun Lu, MSA, CPA provides assurance and consulting solutions to diverse multi-state and international businesses, including manufacturers, distributors, retailers, biotech and fintech companies, and professional service firms.