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 reporting
• Describe the impact of the lease modification on financial reporting
• Identify FASB ASUs that will be effective after 2025