This BKD webinar provides GAAP and ASU updates, PPP accounting guidance, and insight on FASB projects currently in process that could affect nonprofits.

FASB recently finalized targeted changes to the guidance on convertible instruments and the derivative scope exception for contracts in an entity’s own equity. This article provides details on new disclosures.

FASB plans to issue a proposal in early September to provide some relief from the new revenue rules in Accounting Standards Codification 606 for nonpublic franchisors.

FASB recently approved the delay of ASC 842 for an additional year for all entities that haven’t previously adopted. However, organizations shouldn’t delay implementation until the last minute. Read on for four effects the new standard will have on…

FASB has released an exposure draft, Concepts Statement No. 8, Conceptual Framework for Financial Reporting. The proposal updates several of the 10 elements of financial statements.

Due to the challenges of COVID-19, FASB is proposing an additional year to implement guidance affecting financial reporting for companies that issue long-duration contracts.

Lease accounting has not been immune to recent global changes. While leases may not top your list of priorities, the current environment is affecting accounting standards such as lease modifications and terminations. Join BKD as we explain how to…

In March, FASB released a set of technical corrections covering accounting guidance for various financial instruments. The changes in Accounting Standards Update (ASU) 2020-03 provide clarifications and improvements to simplify or reduce operational…

This article provides an overview of proposed and final standards issued by FASB through June 2020, along with recent updates on outstanding exposure drafts and research projects.

On May 20, 2020, FASB reviewed feedback on its April 21, 2020, proposal to delay the effective date for Accounting Standards Codification (ASC) 842, Leases, for private companies and all not-for-profits, including an NFP that has issued—or is a…