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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 […]

The Time is Now to Understand the Implications of the New Lease Standard, Effective 2020 for Private Companies and Most Nonprofits

The Time is Now to Understand the Implications of the New Lease Standard, Effective 2020 for Private Companies and Most Nonprofits

In February 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. There are elements of the new standard which will likely impact almost all entities to some extent, although lessees will likely see the most significant changes with their accounting for and reporting of lease […]

Webinar: AAFCPAs Revenue Recognition Guidance for Businesses

Webinar: AAFCPAs Revenue Recognition Guidance for Businesses

AAFCPAs provides an overview of new Revenue Recognition standards for Commercial Businesses.  Listeners gain an understanding of how the new standard could impact revenue recognition and company policies, and what they should be doing now to prepare for adoption. This revenue recognition webinar will cover: An overview of the revenue recognition standard Effective dates and […]

SAVE THE DATE: AAFCPAs to Share Valuable Revenue Recognition Guidance for Nonprofits

SAVE THE DATE: AAFCPAs to Share Valuable Revenue Recognition Guidance for Nonprofits

AAFCPAs will present two educational webinars, providing an overview of new Revenue Recognition standards for Commercial Businesses and Nonprofit Organizations. Attendees will gain an understanding of how the new standards could impact revenue recognition and company policies, and what they should be doing now to prepare for adoption. SAVE THE DATE! AAFCPAs Educational Webinar: Revenue […]

AAFCPAs Partner, Jeffrey Mead to Serve as Manning School of Business Executive-Faculty-in-Residence for UMass Lowell

AAFCPAs Partner, Jeffrey Mead to Serve as Manning School of Business Executive-Faculty-in-Residence for UMass Lowell

AAFCPAs is excited to announce that Jeffrey Mead, CPA, CGMA has been appointed and agrees to serve as a Manning School of Business Executive-Faculty-in-Residence at the University of Massachusetts Lowell (UMass Lowell) for academic years 2017-2018 and 2018-2019. UMass Lowell is a nationally ranked public research university committed to excellence in teaching, research, and community […]

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: [well type=””]AAFCPAs has provided a detailed Whitepaper providing guidance on the FASB’s new Lease standard so clients may […]