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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