The Governmental Accounting Standards Board (GASB) recently issued a new implementation guide regarding standards on accounting and financial reporting for fiduciary activities. Implementation Guide No. 2019-2, Fiduciary Activities, is a [...]
When funding sources dry up for higher education entities, public television and radio stations must rely more on listener support and grant funding from the Corporation for Public Broadcasting (CPB). [...]
In early 2016, the Financial Accounting Standards Board (FASB) issued an updated lease accounting standard. The new standard, ASC 842, requires entities that lease property or equipment through operating leases [...]
It’s no secret that the regulatory framework surrounding student financial aid can be one of the most difficult to navigate. As a result, many institutions could have unaddressed compliance issues [...]
ASU 2016-14 “Financial Statement Presentation of Not-for-Profit Entities” introduces a new requirement: the liquidity and availability disclosure. This requires qualitative and quantitative information on how a nonprofit manages liquid resources [...]
New guidance has been issued for government entities that act as conduit debt providers. GASB Statement No. 91 provides a single method of reporting conduit debt obligations and clarifies that [...]