New NPA Accounting Rules for Gifts-in-Kind

New NPA Accounting Rules for Gifts-in-Kind

FASB has proposed a new alternative to assist NPA firms or Private company franchisors in sync with a new accounting standard. Under the same, such firms would need to provide additional information on the contributions of non-financial assets (Gifts-in-kind) that…

 New Federal Lease Accounting Guidelines

New Federal Lease Accounting Guidelines

The Federal Accounting Standards Advisory Board (FASAB) and the Accounting & Auditing Policy Committee (AAPC) had released certain guidelines with regard to Federal entities, which mainly comprise: Accounting standards implementation Lease related amendments Advances from non-federal sources While the AAPC…