If the first quarter of 2015 is any indication, public and private entities will need to start preparing now for 2016 and 2017.
The Financial Accounting Standards Board (FASB) released three recent accounting standards updates that have effective dates beginning on or after December 15, 2015. Additionally, further guidance is expected for fair value measurement, revenue recognition and private company accounting.
In this MHM Messenger, we briefly recap the major changes that took place this quarter. These topics will also be presented in our Executive Education Series webinar happening tomorrow, April 2.