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Oct 17, 2023

Five Accounting Standards Updates ASUs in Twenty Twenty Three

πŸ₯³ The Financial Accounting Standards Board (FASB) has issued five Accounting Standards Updates (ASUs) in 2023, and we're here to help you navigate them.

βœ”οΈ Update 2023-01 - Leases (Topic 842): Common Control Arrangements Learn about the changes in lease accounting for common control arrangements. Stay compliant with the new standards. πŸ”— Reference here

βœ”οΈ Update 2023-02 - Investments—Equity Method and Joint Ventures Understand the updates on equity method and joint ventures. Stay ahead in managing your investments. πŸ”— Reference here

βœ”οΈ Update 2023-03 - Presentation of Financial Statements, Income Statement — Reporting Comprehensive Income Get insights into the presentation of financial statements and income reporting. Ensure you're following the latest guidelines. πŸ”— Reference here

βœ”οΈ Update 2023-04 - Liabilities — Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 121 (SEC Update) Stay informed about amendments to SEC paragraphs related to liabilities. Compliance is crucial. πŸ”— Reference here

βœ”οΈ Update 2023-05 - Business Combinations — Joint Venture Formations Explore the changes in business combinations, especially regarding joint venture formations. πŸ”— Reference here

πŸ‘‰ Stay ahead of the curve with our online self-study courses & click the link for details:

πŸ”— Accounting for Leases: Guidelines for the New Standard (covering ASU 2023-01)

πŸ”— Accounting for Investment (covering ASU 2023-02, focusing on Tax Credit Structures using the Proportional Amortization Method)

Keep your knowledge up to date and ensure compliance with the latest accounting standards. Enroll in our courses today and stay ahead in the world of accounting.

πŸš€ You can start right away. We offer many other CEP courses. Browse through our website to learn more.

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