Ellin & Tucker Offices
The Wait is Over: Guidance to Clarify Accounting for Grants and Contributions is here!

By: Kim Fusco

On June 21, 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08: Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made. The question on the minds of many not-for-profit industry professionals has been:... Continue Reading
Ellin & Tucker Revenue Recognition Series Overview Logo

By: Stephanie McGuire and Zachary Bromwell

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, to align accounting standards, reduce industry-specific complexities and shift the thought process of recording revenue from a rules-based process to a principles-based approach. This new standard replaces nearly... Continue Reading
TDR and ellin and tucker logos

By: Bryan Porter

The new leasing standard is coming. To many business owners and executive management teams this is not a groundbreaking revelation. The Financial Accounting Standards Board (FASB) issued sweeping changes in how companies recognize assets and liabilities that arise from lease... Continue Reading
Government Contractor Web Graphics-01

By: Stephanie McGuire, David Schriver and Michael Strauss

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, to align accounting standards, reduce industry-specific complexities, and shift the thought process of recording revenue from a rules based process to a principles-based approach. This new standard replaces... Continue Reading
Ellin & Tucker revenue recognition series retail and distribution logo

By: Stephanie McGuire and Zachary Bromwell

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, to align accounting standards, reduce industry-specific complexities, and shift the thought process of recording revenue from a rules based process to a principles-based approach. This new standard replaces... Continue Reading
Ellin & Tucker revenue recognition series manufacturing logo

By: Stephanie McGuire and Zachary Bromwell

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, to align accounting standards, reduce industry-specific complexities, and shift the thought process of recording revenue from a rules based process to a principles-based approach. This new standard replaces... Continue Reading
Ellin & Tucker revenue recognition series construction logo

By: Stephanie McGuire and David Schriver

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, to align accounting standards, reduce industry-specific complexities, and shift the thought process of recording revenue from a rules based process to a principles-based approach. This new standard replaces... Continue Reading
Ellin & Tucker revenue recognition series not-for-profit logo

By: Stephanie McGuire and David Schriver

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, to align accounting standards, reduce industry specific complexities, and shift the thought process of recording revenue from a rules based process to a principles based approach. This new... Continue Reading
journal of acccountancy
Non-profit organizations often face confusion on the proper accounting treatment for revenues received in advance of costs being incurred. The FASB recently released proposed standards that will hopefully eliminate some of this uncertainty by providing a more robust framework to... Continue Reading
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