This course provides an overview of the processes involved in understanding, evaluating, and properly disclosing Accounting Standard Updates (ASUs) issued by the FASB. This includes a look at the key elements included within each ASU, how companies should consider the impacts from the change, as well as how to properly disclose these impacts (if known) within their notes to their financial statements. This course also outlines an effective five-step process for monitoring ASUs, from initial release to adoption.

Learning Objectives
  • Identify standard elements included within each FASB ASU.
  • Discover and distinguish between different transition requirements.
  • Recognize SEC disclosure requirements relating to pending ASUs.
  • Identify best practices for effectively tracking ASUs.
Last updated/reviewed: March 22, 2024
3 Reviews (13 ratings)

Reviews

4
Member's Profile
Prefer text based instruction this gives good reference materials for future use. Decent course.
5
Anonymous Author
Detailed description of disclosures required for new ASUs. It is a pretty simple topic.
5
Anonymous Author
Good information about timing of pending ASUs. Thanks
Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
COURSE MATERIAL
  Evaluating and Properly Disclosing FASB Accounting Standard Updates (ASUs)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam