…endowments made up of held-to-maturity investments. CECL is effective for non-profits for fiscal years beginning in 2023. Background In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards…
…general expenses. What Are Management and General Expenses? The FASB has provided improved guidance regarding management and general expenses by noting that the following items are always considered to be…
…recent years with the introduction of the Financial Accounting Standards Board’s (“FASB”) issuance of a new standard for revenue recognition, Accounting Standards Update (“ASU”) 2014-09. This much anticipated standard focuses…