Demo Post for Lumaverse
By
Michael Fisher
Posted: 2023-01-05T19:37:00Z
Key Takeaways
- FASB accounting standards for 2023 included a number of updates related to leases, accounting for investments in tax credit structures, and new guidance on joint venture formations.
- One of the most significant accounting standards that will impact calendar year entities for 2023 is CECL.
- While many entities took advantage of early adopting the provisions of ASU 2023-01 concurrently with leasing standard for 2022, there are many others who issued their 2022 financial statements in 2023 before ASU 2023-01 was issued. These entities will have the option to adopt the ASU for their 2023 financial statements.
WED NOV 15 - KIWANIS DEMO