There have been sweeping changes made to the guidance for revenue accounting within ASC Topic 606 by the Financial Accounting Standards Board (FASB) as part of a convergence project with the International Accounting Standards Board (IASB). Those changes come into effect January 1, 2019 for all non-public companies including homeowners associations, condominiums and cooperatives. Because the revenue recognition standard will eliminate the transaction- and industry-specific revenue recognition guidance included in current GAAP and replace it with a principle-based approach, it is important for management companies to gain an understanding of the standard and how it may impact the entity’s revenue recognition.
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UHY Advisors, Inc. and UHY LLP (UHY) today announced that it has expanded its office in the Mid-Atlantic region through its merger of the professional services firm Berman Goldman & Ribakow LLP (bgr CPAs), located in Columbia, Maryland. The merger was effective December 3, 2018.
The Center Club | 100 Light Street, 16th Floor | Baltimore Tuesday January 29 2019 | 8:00 to 10:30 AM
Loyola University Maryland - Columbia Graduate Center Tuesday, September 27 2017 | 8:00AM - 10:30AM
Nonprofit Insider 6.1 - Significant Changes Coming to Single Audits—Are You Ready?
Harold Mohn hmohn@uhy-us.com
phone: 301 695 1040 fax: 240 575 5112
5100 Buckeystown Pike Suite 250 Frederick, MD 21704