What's Going on at the FASB (2024)

Overview

The course will start with the Accounting Standard Updates effective in 2024 for public entities, private entities, and nonprofits. We will also review year 2 implications of the leases standard including modification accounting. We will then switch our attention to the items coming down the pike, including a look at the projects identified by the FASB’s Invitation to Comment: Agenda Consultation. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this course include:

• Accounting Standard Updates effective in 2024 for public entities, private entities, and nonprofits.
• Review year 2 implications of the leases standard including modification accounting.
• A look at the projects identified by the FASB's Invitation to Comment: Agenda Consultation.

Prerequisites

Prior experience with GAAP

Designed For

Practitioners and members in industry responsible for accounting and financial reporting.

Objectives

• Identify the impact of ASUs that are effective in 2024 on financial reporting
• Describe the impact of the lease modification on financial reporting
• Identify FASB ASUs that will be effective after 2024

Preparation

None