The FASB technical agenda is rapidly filling up as the FASB adds new standard setting projects. Additionally, many of the new Accounting Standards Updates (ASUs) issued over the past several years will become effective over the next few years. This FASB update will discuss ASUs issued over the past several years as well as those effective for the current year end and will provide a glimpse into where standard setting will be going over the next few years. The update will also discuss projects that are on the FASB’s technical agenda so you can see what’s coming down the pike regarding new accounting standards.
Learning Objectives
- Recall the key provisions of recently issued ASUs
- Identify the potential impact of recently issued ASUs on financial reporting
Major Topics
- Accounting for government grants
- Accounting for internal use software
- Other recent updates
- FASB’s technical agenda
