The objective of this course is to address selected recently issued accounting standards updates (ASUs). Topics include reviewing the new ASUs on accounting for joint ventures, accounting for crypto assets, income tax disclosures, and disaggregation of expenses.
Course Publication Date:
March 21, 2025
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$20.00!
| Author: | Steven Fustolo |
| Course No: | ACT-ASUUPDATES-6125 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Overview |
| Prerequisites: | General understanding of U.S. GAAP |
| Advanced Preparation: | None |
| Recommended Field of Study: | Accounting
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Learning Objectives
- Review how to account for a joint venture.
- Identify attributes of a joint venture.
- Identify how to measure a crypto asset.
- Review how to record a crypto asset on the balance sheet and income statement.
- Recall some of the new disclosures for income taxes required by ASU 2023-09.
- Review the bases that can be used to disclose disaggregation of expenses required by ASU 2024-03.