Genuine Learning Blog: ASU 2022-03

| ,

The FASB has issued ASU 2022-03 which is a niche standard providing clarification around restrictions on sale and their impact on the determination of fair value. The standards also includes an update to an illustration and new disclosure requirements. The standard is effective for public business entities for fiscal years beginning after December 15, 2023 and for all other entities for fiscal years beginning after December 15, 2024.

ACCOUNTING STANDARDS UPDATE 2022-03—Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (fasb.org)

Do you agree with the determination of fair value?

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members. Melisa is a speaker on audit topics at SCACPA’s annual Spring Splash and Fall Fest conferences. She also takes part in many SCACPA seminars and rebroadcasts.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.

Career Opportunity – Tax Partner Opportunity

Tax Partner Opportunity – CPA with Review Experience | Columbia, SCAre you a seasoned CPA ready to take the next big step in your career? Our well-established tax accounting firm, ...
READ MORE

Disaster Relief Bill Approved by Senate, AICPA Responds

The U.S. Senate unanimously passed the Filing Relief for Natural Disasters Act, following the House’s unanimous approval earlier this year. The bill now moves to the President’s desk for signature. ...
READ MORE

Career Opportunity – Executive Director: State Housing Finance & Development Authority

The Executive Director is the chief executive officer of SC Housing and carries the overall responsibility for the strategic direction, operational management, and fiscal integrity of the agency. Working under ...
READ MORE