Accounting Standards Codification (ASC) 842 has been a reminder of the well-known children’s story about a boy who sat on a hillside watching the village sheep. In his boredom, he found amusement in creating fear and chaos among the sheep and…

FASB is proposing new presentation and disclosure requirements for gift-in-kind donations due to concerns from some financial statement users. Read on for more details.

With private companies and not-for-profit (NFP) organizations in the home stretch of implementing Accounting Standards Codification 606, FASB posted an Implementation Q&A on its website that incorporates all previously issued FASB staff and…

With private companies in the home stretch of implementing Accounting Standards Codification 606, FASB posted an Implementation Q&A on its website that incorporates all previously issued FASB staff and Transition Resource Group memos and other…

Join BKD’s Rick Cole in this live Q&A on Accounting Standards Update (ASU) 2018-08. With public nonprofits (those with conduit or other publicly traded debt) already implementing the new grants and contributions ASU, the remaining nonprofits…

January 29 – GASB 87 Lease Workshop, Wednesday, January 29, from 1 to 5 p.m., BKD Kansas City, Missouri. 

A proposed interagency policy statement is available in response to Accounting Standards Update 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and subsequent amendments issued since…

In 2016, FASB issued Accounting Standards Update (ASU) 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, which added Topic 321, Investments—Equity Securities, and…

FASB recently issued Accounting Standards Update (ASU) 2019-12 to address several narrowly focused simplifications requested by accounting firms, FASB’s own Private Company Council, preparers and practitioners. Read on for more details on the ASU,…

View our FASB effective dates sheet for private companies and not-for-profits, which includes recently released guidance with links to BKD Thoughtware®.