This course provides an efficient update on recent and upcoming accounting standard-setting activity issued by the Financial Accounting Standards Board. The course focuses on Accounting Standards Updates (ASUs) effective for December 31, 2026 year-ends for public companies, private entities, and not-for-profit organizations.
Participants will also review issued ASUs with future effective dates, along with high-level insights into recent exposure drafts. Emphasis is placed on understanding timing, scope, and areas of change that may affect financial reporting and implementation planning.
Designed as a practical update for preparers, auditors, and financial professionals, this course helps participants stay current on FASB activity and better anticipate the impact of evolving accounting standards.
DESIGNED FOR
All accounting/auditing professionals
BENEFITS
- Recall effective dates for recently issued FASB standards
- Recognize the impact of recently issued ASUs on financial reporting
- Identify proposed changes to financial reporting included in recent FASB exposure drafts
HIGHLIGHTS
- Recent and upcoming FASB standard-setting activity
- Accounting Standards Updates (ASUs) effective for December 31, 2026 year-ends
- Impact of ASUs on public, private, and not-for-profit entities
- ASUs with future effective dates
- Exposure drafts and proposed standards
PREREQUISITES
Prior experience with US GAAP
ADVANCE PREPARATION
None