Supplier finance. Lease accounting. Government financial assistance. Credit losses. Goodwill impairment.

Learn about these important issues and more in this course, which covers the 61 accounting standards published by the Financial Accounting Standards Board from 2018 through the present, including ASU 2022-04, which was issued at the end of 2022.

This course provides crucial coverage of rule changes, rule replacements, new rules, and even new ASU Topics (with a capital “T”). The FASB has been busy, and it’s important to remain current not only with the big headline items but also with the usual Codification improvements and housekeeping matters covered by the FASB in its ASUs. The ASUs themselves are not authoritative standards. Instead, they explain how and why the FASB has changed GAAP and when the changes will become effective. Specific amendments are described, along with background information for the change and the method for transitioning to the changed rules.

After completing this course successfully, students will be able to:

• recall the purpose of ASUs and how to apply them
• remember how to read and interpret the intent of any given ASU
• recollect the topics covered by the FASB's ASUs from 2018 through the present
• identify proper application of rules addressed in these ASUs, especially with respect to:
  • supplier finance programs
  • lease accounting
  • credit losses
  • goodwill impairment
  • reference rate reform
  • accounting for government assistance