Cannabis

AAFCPAs is an industry pioneer and since 2012 has been deeply immersed advising cannabis businesses in tax, finance, and outsourced accounting! With national recognition, our multi-disciplinary team of advisors include: CPAs, CFOs, estate planning & tax attorneys, wealth advisors, as well as business process, data analytics, IT, and cyber security professionals. Tax, Advisory, Accounting & […]

Jennifer Le Vine, CPA

Jennifer serves as Manager of AAFCPAs’ Business & IT Advisory practices, providing a full range of support to clients in the areas of Sarbanes-Oxley 404 compliance, SSAE 18 audits and Service Organization Control (SOC) reports, business control assessments & business process improvement focused on efficiency, effectiveness, and internal control. Jennifer has over twenty years of internal controls assessment and process improvement experience working as a consultant as well as in-house for companies in a variety of industries including: software, retail, higher education, healthcare, human services, and service organizations. She specializes in supporting internal and external audit teams in assessing SOC reports, evaluating the effect of controls at a service organization on the user entities’ financial statements.

Implementation Guidance Related to Performance Obligations and Licensing

AAFCPAs would like to make clients aware of a recent accounting standards update (ASU) issued by the Financial Accounting Standards Board (FASB) which clarifies the implementation guidance related to identifying performance obligations and licensing.  ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, does not change the core principle of the […]

6 Tips for Greater Manufacturing Workplace Efficiency

The old adage “time is money” is especially true in the world of manufacturing.  The more time and materials you waste, the less profitable you become.AAFCPAs outlined the following six tips to improve workplace efficiency based on our proven experience working closely with manufacturers over the past 40+ years: Do Not Skimp on Training Many […]

FASB ASU Clarifies Principal vs. Agent Revenue Recognition Considerations

AAFCPAs would like to make clients aware of a recent accounting standards update (ASU) issued by the Financial Announcing Standards Board (FASB) which clarifies the implementation guidance related to principal versus agent considerations.  ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net), issued March 17th, 2016, […]

AAFCPAs’ Update on Decisions Reached in FASB NFP Financial Statements Project

The Financial Accounting Standards Board (FASB) is evaluating 263 comment letters, including feedback from AAFCPAs, as part of their invitation to stakeholders for review and input on the proposed Accounting Standards Update (ASU) entitled Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954): Presentation of Financial Statements of Not-for-Profit Entities.   As part of its […]

Reminder: FASB Defers Revenue Recognition Standard

In response to feedback from stakeholders, preparers, practitioners, and users of financial statements, in August 2015, the FASB approved a one-year deferral of the effective date of Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. The effective date of Update 2014-09 has been deferred for all entities by one year. Public business […]