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Entries by Amanda Horvath

Standards Update: 8/20/15

Posted 12:00 PM by
ASU 2015-05 provides additional guidance on accounting for fees paid in a cloud-computing arrangement. The FASB determined there was no explicit guidance currently available under generally accepted accounting principles (GAAP) in the United States for these type of  transactions, specifically related to an arrangement including a software license.
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NFP Reporting Exposure Draft, Explained: Other Matters

Posted 12:00 PM by
The fourth and final installment in our series, NFP Reporting Exposure Draft, Explained, focuses on various other changes being proposed related to the financial reporting for not-for-profit (NFP) organizations. 
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NFP Reporting Exposure Draft, Explained: Statement of Cash Flows

Posted 12:00 PM by
The third installment in our series, NFP Reporting Exposure Draft, Explained, focuses on changes being considered related to the statement of cash flows for not-for-profit (NFP) organizations.
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NFP Reporting Exposure Draft, Explained: Measures of Operations

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Continuing with our series, NFP Reporting Exposure Draft, Explained, this installment focuses on changes being considered to enhance the information provided in a not-for-profit (NFP) entity’s financial statements with regard to operations. As a reminder, all of the proposed requirements presented in the Exposure Draft are tentative until a final Accounting Standards Update is issued.
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NFP Reporting Exposure Draft, Explained: Net Asset Classes

Posted 12:00 PM by
In April 2015, the Financial Accounting Standards Board (FASB) issued a Proposed Accounting Standards Update titled Presentation of Financial Statements of Not-for-Profit Entities (the Exposure Draft). FASB spent three-plus years developing the Exposure Draft, and if it becomes a final Accounting Standards Update, it would have a wide-spread impact on the financial statements of not-for-profits.
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