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04 Jun Essential Documents Check

Posted at 00:49h in Accounting, Estate Planning, Financials by arccon 22,043 Comments

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CPAs have been especially busy in recent weeks counseling clients through the sudden economic challenges brought on by COVID-19. Because you’ll be communicating with a large number of your clients, this can be a timely opportunity to also remind them to update essential documents, such as...

22 May Effective Date of Revenue Recognition and Leases Standards for Certain Entities has been extended

Posted at 20:53h in Accounting, FASB, Financials, Leases & Standards by arccon 19,075 Comments

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The FASB met on Wednesday, May 20, 2020 voted to extend the effective date of Topics 606, Revenue from Contracts with Customers, and 842, Leases, for certain entities and has directed the staff to draft a final Accounting Standards Update (ASU) for vote by written ballot. VIEW...