FASB Update

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In this session, the FASB's lead staff person for the NFP sector will update you on the latest developments in GAAP that are noteworthy for the sector.  We'll discuss recent changes (ASUs), the FASB's current agenda and public agenda consultation, and select current FASB projects.  We'll leave time for Q&A, so please bring your questions!

Major Topics:

• ASUs on common control leases, crypto assets, income tax disclosures
• Current FASB agenda
• FASB public agenda consultation
• FASB projects on software development costs, credit losses on Topic 606 receivables, environmental credit programs.

Learning Objectives:

• Identify and describe, at a general level, recent changes to GAAP that are noteworthy for NFPs
• Identify and describe, at a general level, current FASB projects that are noteworthy for NFPs
• Understand why the FASB is currently doing a public agenda consultation.

Skill Level: Basic
Field of Study: Accounting (Technical)
CPE Hours: 1.2