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Guidance on New Lease Accounting Standard

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 […]

AAFCPAs’ Guide to Lease ASU Implementation Webinar OnDemand

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 […]

Lease Accounting Standard Effective 1.1.22

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)

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 […]

AAFCPAs to Present FEI-Boston’s 2020 Ethics Symposium

AAFCPAs to Present FEI-Boston’s 2020 Ethics Symposium

AAFCPAs’ Jeffrey Mead, CPA, CGMA and Olga Yasinnik, MBA, CPA will again lead the annual 4-hour presentation on ethics CPE webinar on Building Ethical Management & Culture at FEI-Boston’s May 8th virtual Ethics Symposium. Jeff and Olga will be joined by guest speakers Jennifer H. Elder, entrepreneur, AICPA instructor, and author of Faster Disaster Recovery and Jeffrey Davis, entrepreneur, and CEO […]

FASB Delays Effective Dates for Four Major Accounting Standards

FASB Delays Effective Dates for Four Major Accounting Standards

AAFCPAs is excited to inform you that the Financial Accounting Standards Board (FASB) voted to extend the effective dates of four key accounting standards at their latest July 17, 2019 meeting. The proposed delay to the effective dates for certain companies affects accounting for leases, credit losses, hedging, and long-duration insurance contracts. This is FASB’s […]

AICPA Urges FASB to Delay Effective Date of Lease Standard

ASU 2016-02, Leases (Topic 842) took effect for public companies at the beginning of this year and is scheduled to be effective for private companies one year later, at the beginning of 2020. This standard is significant in its impact to virtually all entities that enter into leases of more than twelve months in duration. The study […]

AICPA Issues SAS No. 134 to Enhance Communicative Value of Auditors’ Reports

AAFCPAs would like to make our privately-held commercial clients and nonprofits aware that on May 08, the AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 134, designed to enhance the communicative value of the auditor’s report and align generally accepted auditing standards (GAAS) with the standards issued by the International Auditing […]

AAFCPAs to Present FEI-Boston’s 2019 Ethics Symposium

AAFCPAs to Present FEI-Boston’s 2019 Ethics Symposium

AAFCPAs’ Jeffrey Mead, CPA, CGMA and Olga Yasinnik, MBA, CPA will present a 4-hour ethics CPE course on Building Ethical Management & Culture at FEI-Boston’s June 20th Ethics Symposium. This course is based on the AICPA Code of Professional Conduct and will cover the conceptual framework, as well as the rules and interpretations applicable to […]