CECL Standard’s Significant Impact on Financing and Trade Accounts Receivable
AAFCPAs Provides Business Guidance on FASB’S New CECL Model Guidance May Have a Significant Financial Reporting Impact on Financing and Trade Accounts Receivable The long-awaited Current Expected Credit Losses (CECL) Standard, Accounting Standards Update 2016-13 – Financial Instruments-Credit Losses (Topic 326) will be effective for nonpublic business entities and not-for-profit entities for fiscal years beginning after […]
AAFCPAs helps professionals accelerate the process of earning their CPA! Boston (November 1, 2022) – AAFCPAs, a leading CPA and Consulting firm based in New England, today announced its pioneering Zip2CPA Program, designed to help accounting professionals accelerate the process of earning their CPA credential! Most accountants know the CPA credential is one of the […]
AAFCPAs to Present FEI-Boston’s 2022 Ethics Symposium
4 Ethics CPE Credits: Building Ethical Management and Culture in Challenging Times May 20, 2022 | 7:30 AM – 12:00 PM Eastern Time | Bentley University, Waltham, MA Last Day to Register: Wednesday, May 18th AAFCPAs’ Jeffrey Mead, CPA, CGMA and Olga Yasinnik, MBA, CPA will again lead FEI-Boston’s annual 4-hour Ethics Symposium, May 20th, with a focus this […]
In 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. Implementing FASB’s lease accounting standard will require businesses to invest considerable time and resources in gathering the information required for reporting. AAFCPAs advises clients to not delay! Lease Implementation Resources: […]
In 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. AAFCPAs has summarized some of the most significant changes resulting from the new ASU for your convenience: AAFCPAs has provided a detailed Whitepaper providing guidance on the FASB’s new Lease standard so clients may proactively […]
Watch Now: AAFCPAs’ Guide to Lease ASU Implementation
Implementing FASB Accounting Standards Update No. 2016-02, Leases (Topic 842) The time is now to develop your implementation plan! Topic 842 affects all companies and other organizations that have lease agreements for assets such as real estate, IT, office, and manufacturing equipment. Implementing the new lease standard is not just a one-time exercise. It requires […]
Implementing the new lease standard is not just a one-time exercise. It requires changes to accounting processes and financial reporting controls. Accounting policy elections and practical expedients will affect the overall process and timeline—so AAFCPAs advises clients to assess them early. Effective implementation requires a thorough evaluation of resources and your organization should identify someone […]
Tax Planning Guides for Businesses & Individuals (2021-2022)
When considering your optimal tax planning & compliance strategy, business & individual tax payers must account for all current and impending tax code changes. This includes the 2017 Tax Cuts and Jobs Act, the 2019 Further Consolidated Appropriations Act, the 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and subsequent stimulus initiatives, as […]
AAFCPAs to Present FEI-Boston’s 2021 Ethics Symposium
Ethics Symposium: Crisis, Burnout, and the Effect on Ethics – How has COVID Infected Your Ethics? AAFCPAs’ Jeffrey Mead, CPA, CGMA and Olga Yasinnik, MBA, CPA will again lead FEI-Boston’s annual 4-hour Ethics Symposium, May 13th, with a focus this year on Crisis, Burnout, and the Effect on Ethics. Jeff and Olga will be joined at this virtual educational […]
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