Selected Accounting Standards Update (ASUs)

Course Description:

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.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Recognize examples of internal-use software
• Identify criteria to begin and end capitalization of internal-use software
• Review how to determine the accounting acquirer in a business combination
• Recognize how to account for forfeitures related to share-based consideration payable to a customer
• Recall some of the new disclosures for income taxes required by ASU 2023-09
• Identify how to measure a crypto asset
• Review how to measure and record a crypto asset on the balance sheet and income statement
• Review how to measure and account for a joint venture
• Recognize the type of entity which is subject to the new disaggregation of expenses disclosures required by ASU 2024-03
• Identify a new method that is authorized to record treasury stock in accordance with ASC 505