by BDO USA | Feb 25, 2021 | Articles, Auditing
The AICPA’s Statement on Accounting Standards No. 136 (SAS 136) will meaningfully change the audit process for defined contribution plan sponsors – whether adopting this year or next. The AICPA issued SAS 136 in July 2019 with the goal of giving readers of the audit...
by BDO USA | Feb 25, 2021 | Articles, ASC 840, ASC 842, Lease Accounting, US GAAP Accounting
Summary The FASB issued ASU 2021-05[1] (“Update”) to address the day-one loss issue related to a lessor’s accounting for certain leases with variable lease payments. The Update is effective for all entities in fiscal years starting after December 15, 2021. Early...
by BDO USA | Feb 25, 2021 | Articles, Auditing
This article was originally published on the Inflo blog.Many people will remember having braces fitted as teenagers, and the dentist who struggled to twist and turn combinations of metal parts in their mouth with perhaps only modest outcomes anticipated.Today, clear...
by BDO USA | Jan 19, 2021 | Articles, Industry Accounting, Non-Profit
According to our most recent Nonprofit Standards Benchmarking Survey, 64% of nonprofits were planning to invest in new technologies. As organizations continue to expand their digital capabilities in the year ahead, managed services providers (MSPs) can help them...
by BDO USA | Apr 7, 2015 | Articles, ASC 606, Revenue Recognition
Summary provided by MaterialAccounting.com: This article discusses the effective date for ASC 606 and the debate on whether or not there will be a delay. – Okay, I have taken a few liberties with Shakespeare. But over the past several months, there has been a...
