Starting for audits of financial statements in 2019, restricted cash and restricted cash equivalents such as tenant security deposits and self-restricted reserves will be presented differently. While minor, the result will change the beginning and ending cash and cash equivalents balances that previously were reconciled in the statement of cash flows. Read more about ASU 2016-18 here.
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InsightAffordable Housing News & Views - February 2020Beth MullenCatch up on the latest affordable housing insights, events, headlines, and resources in our February 2020 Affordable Housing News & Views newsletter.
InsightCapitol Connection: The forgotten aging rental housing stock in AmericaBob MossCohnReznick’s Bob Moss discusses the need to find creative solutions for addressing very old, substandard public housing in cities and in rural America.
InsightRecognizing revenue under Topic 606: For syndicators and developers in the affordable housing industryGordon ChattertonWith the effective date of Financial Accounting Standards Board (FASB) Topic 606, Revenue from Contracts with Customers, real estate industry-specific guidance previously applied is now superseded. Within the affordable housing industry, application of the new standard particularly impacts syndicators and developer entities.
InsightAffordable Housing News & Views - January 2020Beth MullenThe latest industry insights, news, and events
InsightAffordable Housing News & Views - December 2019Beth MullenThe latest industry insight, news, and events.