Accounting & Assurance

Consolidated Accounting Alternative for Private Companies

On March 20, 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-07, Consolidation (Topic 810): Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements. Below is a summary of this update. Why is the FASB issuing this update? Private company stakeholders (“PCS”) have indicated that the benefits of applying variable interest entities (“VIE”) […]

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Surplus Cash Calculation

HUD recently issued additional clarification on the calculation of surplus cash for those projects that have entered into the 2011 version of the Regulatory Agreement with specific definition of surplus cash. The AHACPA recently issued a release clarifying these definitions, but we have further defined them below. It relates to Form HUD-92466M – Regulatory Agreement […]

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New Section 232 Program Website

The Office of Residential Care Facilities has launched an improved website for the Section 232 program. While there is not a significant change in content, the navigation has been changed to be more intuitive and the overall site is more user-friendly. Content that was buried in layers of links is now found on the front […]

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