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By: Kim Fusco and David Schriver

The wait is over! The Financial Accounting Standards Board (FASB) has released the long-awaited Accounting Standards Update No. 2016-14. Issued on August 18, 2016, this update will change the financial reporting model for all not-for-profit organizations — including independent schools.... Continue Reading
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By: Michael Strauss

and Travis Klein

It’s no secret that office spaces in Greater Baltimore are changing. Gone are the days of offices with large file rooms; high cubicle dividers; stuffy, closed offices; and dark hallways. Open-plan work spaces, industrial warehouse conversions, and “live, work, play”... Continue Reading
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By: Todd Feuerman

The construction marketplace continues to show signs of improvement as contractors work through backlogs that include sub-par margin work secured a few years ago.  This improvement in the industry, along with the surety industry experiencing better-than-average loss ratios, means potential... Continue Reading
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By: Kimberly Fusco

As a Principal in Ellin & Tucker’s Audit, Accounting, and Consulting Department, Kim is dedicated to performing high-quality audit, tax, and advisory services to numerous not-for-profit organizations and foundations.  As Chair of the firm’s Not-For-Profit Services Group, Kim’s extensive knowledge... Continue Reading
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Recommended by: Kim Fusco

On August 18, 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that changes financial reporting for not-for-profit organizations. The ASU is intended to simplify and improve net asset classifications and disclosures about liquidity, financial performance,... Continue Reading
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By: Bryan Porter

Financial reporting for privately held construction firms has become increasingly difficult and time-consuming for executive management teams. The Private Company Council (PCC) is an advisory body to the Financial Accounting Standards Board (FASB), which is responsible for setting generally accepted... Continue Reading

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