The Financial Accounting Standards Board (FASB) has released two statements (Numbers 116 and 117) that establish standards for external financial reporting by not-for-profit (NFP) organizations and the way in which such organizations account for contributions made and received. These standards, which...
Financial Accounting Standards Board relating to not-for-profit organisations as of August 1993. The first, Statement 116, Accounting for Contributions Received and Contributions Made, requires contributions, and unconditional promises, made to the organisation to be recognised as revenue in the period ...
这篇想先说的就是FASB这个机构,相比A股国内上市的证监会和财政部,美国上市除了大名鼎鼎的SEC(美国证监会)主管上市外,还有大名鼎鼎的FASB - Financial Accounting Standards Board,Board里面有7个independent的member,基本都属于会计界的大牛,负责建立和编写准则,即大名鼎鼎的US GAAP (generally accepted accounting principles...
The FASB has announced that it has appointed four new members to its Not-for-Profit Advisory Committee (NAC). The NAC is tasked with obtaining “input from the not-for-profit sector on existing financial reporting guidance, current and proposed technical agenda projects, and longer term or perv...
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Investment companies subject to ASC 946, Investment Companies, and not-for-profit entities subject to ASC 958,Not-For-Profit Entities, will continue to present their financial statements in accordance with those respective standards. Disclosures ...
FASB The FASB is the independent organization that establishes financial accounting and reporting standards for public and private companies and not-for-profit organizations that follow US GAAP. We provide highlights of recent activites at the FASB and quick access to FASB produced materials....
Topic 958 Not-for-Profit EntitiesASC专题958“非营利性实体”ASC Topic 960 Plan Accounting - Defined Benefit Pension PlansASC专题960“计划会计—固定收益养老金计划”ASC Topic 962 Plan Accounting - Defined Contribution Pension PlansASC专题962“计划会计—固定缴款养老金计划”ASC Topic 965 Plan Accounting ...
accounting in accordance with Topic 323. With respect to certain forward contracts and purchase options, the FASB explained an entity should not consider whether the underlying securities would be accounted for under Topic 323 or the fair value option found in Topic 825 upon the settlement of the...
All companies and not-for-profit entitiesRelevant dates July 19, 2021 – FASB issues final ASU April 14, 2021 – FASB reaches final decision on lessor leases with variable payments that would trigger a Day 1 loss if classified as sales-type or direct financing – Tentative Decision February ...