Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...
An Accounting Standards Update focuses on the measurement of credit losses for accounts receivable ... In addition, FASB seeks feedback on potential standard setting related to financial KPIs.
A vendor can list a consideration on their income statement as a cost, if the customer provided assets or services (Financial Accounting Standards Board [FASB], 2009, 605-50-45-1). If you’ve provided ...