AURP CEO Blog Post - 04/09/2020

A couple of recent topics that caught my eye:
 
Capital Lease Accounting Standards Delayed?  The Financial Accounting Standards Board (FASB) earlier this month voted unanimously to consider amending the ASC Topic 842 for Leases for private companies, private nonprofits and any nonprofit that has issued a bond that are traded, which would require many leases to be treated as capital leases. This means that lease accounting standards scheduled to take effect after Dec. 15, 2020 would be pushed back a year for entities beginning Dec. 15, 2021 and interim periods within fiscal years beginning after Dec. 15, 2022.  A 15 day comment period is in effect and the new rules should come out shortly, which will give real estate owners and others another year to prepare.

The State Economic Development Executives (SEDE): SEDE has produced great link to state by state programs that are in addition to the federal resources, such as the CARES Act.
 
University Tech Transfer: Many university and hospital sponsored research parks and innovation districts are tied to university tech transfer activity. A new report in IP Watchdog has some great data on trends in this important field.
 
We will have our AURP communicators virtual check in next Thursday, April 16 at 2pm ET.  All are welcome to join. Register here. Our regular COVID-19 P2P group meets on Wednesday's at 2pm Eastern. Contact the AURP team, if you have ideas for new topics. 

I am hoping you are staying safe in this time of AURP-COVID-19.
Brian Darmody, CEO, AURP
[email protected]
 

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