Genuine Learning Blog: Derivative Scope Exception

| , ,

GLS is celebrating their 300th blog! This one is a very exciting one! The FASB has issued a proposed ASU, DERIVATIVES SCOPE REFINEMENTS AND SCOPE CLARIFICATION FOR A SHARE-BASED PAYMENT FROM A CUSTOMER IN A REVENUE CONTRACT, which will provide additional scope exceptions to derivative accounting and address diversity in practice with respect to revenue recognition. Comments are due October 21st 

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 F. Galasso is the Founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI.

Do you agree with the proposed changes?

Proposed Accounting Standards Update

Volunteer with VITA in 2027

Make a difference for families in Greenville County this tax season. United Way of Greenville County is seeking volunteers for its 2027 Volunteer Income Tax Assistance (VITA) program. VITA helps ...
READ MORE

Open the Case File: Nonprofit Risk Assessments for Audit Engagements

Explore practical lessons from implementing SAS 145 in nonprofit audits, including risk assessment, documentation, IT considerations and risk responses.
READ MORE

Genuine Learning Blog: AICPA Provides Guidance on Use of AI & Digital Assets

Explore two essential new practice aids from the AICPA designed to keep CPAs ahead of the curve. Stay informed about evolving guidance on AI use and digital assets in accounting and auditing engagements.
READ MORE