PFS2207. FASB Update

In this session, we'll review the latest developments in GAAP, and what's on the horizon, affecting your organizations and grantees/ potential grantees.  We'll discuss key implementation issues on recent standards, new pronouncements (ASUs), changes to the FASB's technical and research agendas in response to the FASB's 2021 Agenda Consultation, and other noteworthy current projects.

Learning Objectives:

• Identify recent standards that will impact NFPs, including ones on leases, credit losses, and gifts-in-kind, and key implementation issues being addressed by the FASB and others..
• Describe recent changes to the FASB's technical and research agendas in response to the 2021 Agenda Consultation..
• Describe, at a general level, the scope and objectives of key current FASB projects on crypto assets and software costs.