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Nonprofit Entities: New Reporting Rules Will Affect Your Financial Statements

Written by Patrick Bowman, CPA On August 8, 2016, the Financial Accounting Standards Board issued new rules for nonprofits, FASB Accounting Standards Update 2016-14, Presentation of Financial Statements of Nonprofit

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Revenue Recognition: Are You Ready for the New Standard?

Written by Derrel Curry, CPA, CGMA and Stephen Von Hagel, CPA, CGMA As many of you are aware, in 2014, the Financial Accounting Standards Board (FASB) issued a new standard

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Understanding the CECL – How Does It Affect You?

Written by Scott Stevens, CPA, CGMA FASB Issues New Guidance on Accounting for Credit Losses The Financial Accounting Standards Board (FASB) recently issued a new accounting standard that will change

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Revised Lease Accounting Standards Issued

By Derrel Curry, CPA, CGMA $640 Billion.  $956 Billion.  $1.5 Trillion. These numbers are published estimates of the cumulative Balance Sheet impact of the revised lease accounting standards.  They could

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