AG2306. Ag A&A Update

Learn about recent and upcoming provisions from the FASB and AICPA, with a specific focus on changes that will affect agricultural financial statements and CPAs, including:
•    FASB ASU 2023-01: Common Control Lease Arrangements
•    FASB ASU 2022-04: Disclosure of Supplier Finance Program Obligations
•    FASB ASU 2021-10: Disclosures by Business Entities about Government Assistance
•    AICPA SQMS 1, 2, & SAS 146: Quality Management Standards

Learning Objectives:

• Identify recently issued disclosure requirements from the FASB and how they would impact farm financial statements.
• Analyze the new Quality Management Standards and how they will impact their firm