The Rundown

A Comprehensive Review of Accounting Matters

First Quarter 2017 Edition

Cherry Bekaert's Quarterly Review of Recent Accounting Changes


The first quarter of the year was met with lots of activity at the FASB. Eight ASUs were issued. Some were niche-focused, impacting select industries like SEC, EBPs and NFPs while some were general in nature. The FASB also issued three exposure drafts.
 
The GASB issued two final Statements. One addresses practice issues and another will impact fiduciary fund reporting.
 
Overall, it was a busy quarter both the FASB and GASB and it looks like 2017 will continue to bring change to accounting and reporting for all entities.
 
Wishing you all the best for the rest of 2017!
 
Click Here to Read the Q1 Newsletter
Please contact Melisa Galasso with any inquiries. We value your feedback and are pleased to provide this informational newsletter to our clients and friends.
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About Cherry Bekaert LLP

As a nationally recognized, growth-oriented firm, Cherry Bekaert has the resources to take your business as far as you want to go. The Firm's industry specialists already know your marketplace, so they can help you make the most of emerging opportunities while minimizing compliance headaches. With our down-to-earth style and wealth of practical advice, you will find Cherry Bekaert an indispensable part of your team.

Ranked among the largest accounting firms in the country, Cherry Bekaert offers specialized solutions that help advance our clients' business goals. For more than 65 years, global corporations, private businesses, government entities, nonprofits, emerging firms, start-ups and successful individuals have relied on Cherry Bekaert to guide them forward as their growth advisor.

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