FASB Issues Proposal to Simplify How Private Company Franchisors Evaluate Certain Performance Obligations

Business Owners, FASB, Financial ReportingThe Doty GroupSeptember 21, 2020FASB, Accounting Standards Update, Franchisors, Franchisee, Franchise Agreement, Practical Expedient

FASB Proposes Improvements to Accounting for Contributed Nonfinancial Assets by Not-for-Profit Organizations

The proposed ASU would require a not-for-profit organization to present contributed nonfinancial assets as a separate line item in the statement of activities.

NonprofitsThe Doty GroupFebruary 10, 2020FASB, Accounting Standards Update, Nonfinancial Assets, Gifts-in-kind, Nonprofit, Financial Accounting Standards BoardComment

FASB Issues Narrow-Scope Improvements to Credit Losses Standard

The new Accounting Standards Update clarifies areas of guidance so organizations can more smoothly transition to the standard.