Tag Archive | disclosures

Enhanced Disclosures and Reporting Requirements Coming for Nonprofits

Changes are on the way for how not-for-profit organizations classify net assets and report their statement of activities, cash flows and liquidity. The updates come as part of the Financial Accounting Standards Board (FASB)’s exposure draft of the proposed accounting standards update, Presentation of Financial Statements of Not-for-Profit Entities. Provisions outlined in the update reflect […]

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Webinar on 5/7: Not-for-Profit Update – Internal Controls, Accounting Standards and Grant Reform

Join us for this course that will provide an update regarding COSO’s 2013 Internal Control Integrated Framework and its likely impact on a nonprofit organization’s audit as well as an update on proposed accounting standards and regulatory changes that most commonly impact not-for-profit and educational organizations. Some of the proposed changes we will review include: Proposed […]

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Webinar on 4/29: Not-for-Profit Update – Internal Controls, Accounting Standards and Grant Reform

Join us for this course that will provide an update regarding COSO’s 2013 Internal Control Integrated Framework and its likely impact on a nonprofit organization’s audit as well as an update on proposed accounting standards and regulatory changes that most commonly impact not-for-profit and educational organizations. Some of the proposed changes we will review include: Proposed […]

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Accounting Election for Common Control Leasing Arrangements

In March, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-07 Consolidations (Topic 810): Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements. This standard is the third accounting alternative proposed by the Private Company Council (PCC) and endorsed by the FASB. It is an accounting alternative that permits a private […]

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Exposure Draft Released to Streamline Financial Statement Disclosures

In March 2014 the Financial Accounting Standards Board issued an exposure draft: Proposed Statement of Financial Accounting Concepts: Conceptual Framework for Financial Reporting, Chapter 8: Notes to Financial Statements. The exposure draft proposes a framework that the FASB will use to identify information that is most important to financial statement users of for-profit and not-for-profit […]

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Learn About Current Regulatory Issues Impacting Public Companies on December 19

The SEC and PCAOB have been very busy making recommendations in several areas that could significantly impact your SEC reporting entity. During this webcast on December 19, the professionals of Mayer Hoffman McCann’s SEC Consulting Group will cover the latest accounting and reporting issues that affect SEC reporting entities and their auditors. Whether you are […]

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A Five-Step Approach for Evaluating Going Concern Uncertainties

The FASB’s latest proposal on going concern uncertainties introduces a new layer of accounting guidance that adds to the existing requirements set by auditing standards and SEC regulations. The added guidance provides a more systematic approach that is designed to promote more consistency in the nature and timing of disclosures about an entity’s ability to […]

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