The new standards from the Financial Accounting Standards Board (FASB) will go into effect for annual financial statements issued for fiscal years beginning after Dec. 15, 2017, and for interim periods within fiscal years beginning after Dec. 15, 2018. It’s a good idea to plan now to ensure transactions are recorded correctly starting with the new year. The new standards will hopefully make financial reports more clear and useful. Follow this Link to access one of several webcasts available online. Or contact me, Christian Shaeffer, CPA
