ED Answers Financial Responsibility Rule Questions
In a recent Q&A, ED addresses concerns raised by higher education over lack of clarity in the new financial responsibility rules that take effect July 1.
Paycheck Protection Program (PPP) Loans
This tutorial examines not-for-profit revenue recognition after the eight-week compliance period, subsequent events, and balance sheet categorization.
GASB Issues New Guidance In Light of COVID-19
In response to the pandemic, the Governmental Accounting Standards Board has issued a new statement that extends implementation for most major standards by one year. Recently issued Implementation Guide 2020-1 reinforces delayed effectives dates and provides updated guidance.