GOV2319. FASB Update

In this session, we'll update you on the latest developments in GAAP affecting NFPs, as well as what's on the horizon. We'll discuss implementation issues on recent standards (especially CECL); new ASUs; changes to the FASB's technical and research agendas since last year's conference: and noteworthy current FASB projects (especially Crypto Assets and Software Development Costs). We'll leave time for your questions, so please bring them!

Learning Objectives:

• Identify those assets of NFPs that are within the scope of the Current Expected Credit Losses (CECL) model and describe key implementation issues.
• Indicate at a general level the impact on NFPs of ASUs issued since last year's conference.
• Recognize at a general level the objective, scope, and current status of the FASB's projects on Crypto Assets and Software Development Costs.