What's Going on at the FASB (2024)

The course will start with the Accounting Standard Updates effective in 2024 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.

Learning Objectives:

- Identify the impact of ASUs that are effective in 2024 on financial reporting 

- Recall changes to the conceptual framework

- Describe the impact of the lease modification on financial reporting

- Identify FASB ASUs that will be effective after 2024

- Recognize the potential impact of key projects on the FASB agenda