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Key Accounting Standards Updates (ASUs)

Exam Questions: 10
Course Level: Basic
Pages: 84 | Content: 56, Supplemental: 28
NASBA Area of Study: Accounting
Not Acceptable for: Enrolled Agents
Version: 8440

The objective of this course is to address key accounting standards updates (ASUs). Topics include reviewing the new ASUs on accounting for joint ventures, accounting for crypto assets, income tax disclosures, and disaggregation of expenses. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Selected Accounting Standards Updates (ASUs)
Objectives
  • To recognize how to account for a joint venture
  • To identify attributes of a joint venture
  • To identify how to measure a crypto asset
  • To recognize how to record a crypto asset on the balance sheet and income statement
  • To recall some of the new disclosures for income taxes required by ASU 2023-09
  • To recognize the bases that can be used to disclose disaggregation of expenses required by ASU 2024-03

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