McClintock Minute


Recent 2020-1 Winter Newsletter Articles

A Revenue Recognition Standard Refresher

By Jennifer DeBor, CPA February 27, 2020

Well over a year has passed since the Financial Accounting Standards Board’s new revenue recognition standard kicked in for public companies while nonpublic companies are adopting the standard for December 31, 2019 fiscal year ends. As we have been evaluating the impact of this standard with our clients, we know…


Allowance Accounting and the Biggest Issues Institutions Face

By David B. McClintock, CPA February 7, 2020

The allowance for doubtful accounts related to student receivables is often the least precise measurement on a school’s balance sheet.  Few items on a financial statement can have a greater influence on profitability. As an estimate of an institution’s expectation of what it will not collect from students’ accounts receivable,…


7 ways the SECURE Act changes your tax situation

By Daniel R. Steinmeyer, MBA, CPA January 23, 2020

On Dec. 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which is part of the Further Consolidated Appropriations Act, 2020 (P.L. 116-94). The SECURE Act was enacted to expand the opportunities for individuals to increase their retirement savings and simplify the retirement…