Monte Kane
April 23, 2020 | Daily Business Review
What Homeowner Associations Need to Know About Accounting Standard Changes for Revenue RecognitionIn 2016, the Financial Accounting Standards Board (FASB) released a new standard, ASC 606 - Revenue from Contracts with Customers. The new standard is effective for Dec. 31, 2019, financial statements, and the changes in revenue recognition it has created, have a significant impact for condominium and homeowner associations (community associations).
By Monte Kane and Diana Rivera
4 minute read
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