Ellin & Tucker Offices
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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
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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
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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
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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
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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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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: Stephanie McGuire

In February 2016, the Financial Accounting Standards Board issued the long awaited new standard on lease accounting. As we start digesting the 485-page standard, this series of articles will break down the major areas of change for companies with leasing... Continue Reading
AccountingToday

Featuring: Jared Rosen

The Financial Accounting Standards Board has released its long-awaited lease accounting standard Thursday. In this post by Accounting Today’s Michael Cohn, Ellin & Tucker’s Jared Rosen shares his insights on the upcoming changes. To read the post, please view FASB... Continue Reading
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The Financial Accounting Standards Board (FASB) has concluded another busy year with the issuance of 17 new updates to the Accounting Standards Codification in 2015. Additionally, many of its 18 updates to the Accounting Standards Codification issued in 2014 became... Continue Reading
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By: Carl Kampel

The Financial Accounting Standards Board’s Codification requires entities to categorize investments measured at fair value in one of three levels in the fair value hierarchy based on the observability of the inputs used in valuing the investments. The three levels... Continue Reading

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