Summing It Up

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Chirico Rozsa, CPA

Audit Senior Manager | Healthcare
FASB Issues Guidance on Deferral Dates for Revenue Recognition & Leases Standards
By Chirico Rozsa, CPA on June 4, 2020

Today, the FASB issued formal guidance for the deferral dates of two standards. Revenue from Contracts with Customers (more commonly referred to as ‘Rev rec’) has been deferred by one year...

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FASB Provides Guidance on COVID-19 Related Lease Concessions
By Chirico Rozsa, CPA on May 1, 2020

With the uncertainties surrounding the COVID-19 pandemic, the Financial Accounting Standards Board (FASB) has received several questions from stakeholders about the application of Topics...

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GASB 87: Implementation Guide for Lease Accounting Standard
By Chirico Rozsa, CPA on September 10, 2019

Requirements of GASB Statement No. 87, Leases The Governmental Accounting Standards Board (GASB) has issued an Implementation Guide to help clarify, explain and elaborate on the...

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