| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
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| #19326 | Closed | public | Multifamily | _General Support |
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Good morning Has AHACPA issued any guidance or input on adopting ASU 326 for HUD properties? |
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Cindy, the consensus is that ASU 326 has minimal impact on multifamily properties. The exception would be anyone with significant A/R balances. We see very few impacts from those entities.
The majority of projects are simply disclosing some adoption footnote and indicating a very minimal impact.
Les Sparks
From: Support <support@ahacpa.org> |
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Thank you for the input! That is what we thought as well. Although, I do have one property that does have a rather significant tenant A/R at year end. We will follow the guidance under 326 accordingly.
Again, thank you.
From: Les Sparks <les@ahacpa.org> |