Event Description

The course will start with the Accounting Standard Updates effective in 2025 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.

Objectives

Identify the impact of ASUs that are effective in 2025 on financial reportingDescribe the impact of the lease modification on financial reportingIdentify FASB ASUs that will be effective after 2025