As the year comes to an end, there are two new accounting standards updates from the Financial Accounting Standards Board (FASB) — one on disaggregation of income statement expenses and another on induced conversions of convertible debt instruments. Brad provides an overview of both ASUs.
*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***
Resources:
- ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures
- ASU 2024-04, Debt - Debt with Conversion and Other Options
- Accounting and auditing articles and events
- Join the Accounting & Auditing Standards Interest Group
No transcript available.
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