KPMG reports on the FASB’s ASU 2017-02, which amends ASU 2015-02. The amendments clarify the consolidation guidance for NFPs (ASC 958-810).
Mandatory effective dates and early adoption provisions:
Annual periods – fiscal years beginning after
Interim periods – fiscal years beginning after
Early adoption permitted?
Dec. 15, 2016
Dec. 15, 2017