Event Description

The course will start with the Accounting Standard Updates effective in 2023 for public entities, private entities, and nonprofits. We will also review significant changes to common control lease arrangements issued early in 2023. After a break, we 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. 

Designed For

Ideal for practitioners and members in industry responsible for accounting and financial reporting.

Objectives

• Identify the impact of ASUs that are effective in 2023 on financial reporting
• Describe the impact of the common control changes made to leases
• Identify FASB ASUs that will be effective after 2023
• Identify the topics commonly requested during FASB;s agenda consultation

Prerequisites

Prior experience with GAAP