BAN2304. FASB Update: 2023 and Beyond
During the past year, the FASB has made significant progress on emerging and other important areas that stakeholders—including the banking industry—identified as priorities during the Board’s 2021 agenda consultation. The FASB is incorporating stakeholder feedback received to date on its proposals on the accounting for and disclosure of crypto assets and income tax disclosures. In addition, the Board is continuing to solicit stakeholder feedback on its post-implementation review of the credit losses standard and its recent proposal to improve the accounting for purchased financial assets.
During this panel, FASB staff will provide an overview of these and other projects that may impact the banking industry and why your feedback continues to be important to help inform the Board’s work.
By the end of this session, viewers will obtain an understanding of:
- Progress on the FASB’s technical and research agenda projects
- The FASB’s recently issued guidance
- The FASB’s current project on acquired financial assets
- Progress on other PIR and standard-setting activities relevant to banks and savings institutions.
Learning Objectives:
- Recognize the progress on the FASB’s technical and research agenda projects
- Recognize issues regarding FASB’s recent guidance
- Identify the considerations to FASB’s current project on acquired financial assets
- Identify progress on other PIR and standard-setting activities relevant to banks and savings institutions
