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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 response to the burden placed on companies having to adopt various complex accounting standards in... continue reading

Regulatory Update: Accounting Standards 2019

Listen to Podcasts: AAFCPAs’ Nonprofit Audit Leaders Matt Hutt, Katie Belanger, and Olga Yasinnik provide key considerations and best practice recommendations related to the implementation of new accounting standards, including: Presentation of Financial Statements of Not-for-Profit Entities (ASU 2016-14, Topic 958):    Revenue from Contracts with Customers (ASU 2014-09, Topic 606), and Clarifying the Scope and the Accounting Guidance for Contributions Received and Contribution Made (ASU 2018-08, Topic 958):   ... continue reading

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 CPAs. Jeff and Olga will provide a detailed overview of the ethics standards that apply... continue reading

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 agreements. Because of the significant changes contained in this ASU, the effective date for implementing... continue reading

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: Operating leases will now be recorded in the balance sheet as assets and liabilities if the lease term is greater than 12 months. Prior to this new standard, U.S. GAAP required only capital... continue reading

AAF Manager, Olga Yasinnik accepted to Women’s Leadership Program

Alexander Aronson Finning CPAs is excited to announce that Olga Yasinnik, CPA has been accepted to the Boston Chamber of Commerce 2014-2015 Women’s Leadership Program! Held in collaboration with the Simmons School of Management, this year-long Women’s Leadership Program provides a select group of emerging female professionals (3-10 years of experience) with opportunities to enhance their leadership skills, engage in the region’s business and civic communities, and develop professional networks... continue reading

AAF Manager, Olga Yasinnik accepted to Women’s Leadership Program

Alexander Aronson Finning CPAs is excited to announce that Olga Yasinnik, CPA has been accepted to the Boston Chamber of Commerce 2014-2015 Women’s Leadership Program!  Held in collaboration with the Simmons School of Management, this year-long Women’s Leadership Program provides a select group of emerging female professionals (3-10 years of experience) with opportunities to enhance their leadership skills, engage in the region’s business and civic communities, and develop professional networks... continue reading