Charting the Course: ASU Updates for the Year Ahead

Overview

At the end of this module, participants will be able to comprehend the structure, purpose, and key features of ESOPs, evaluate the tax advantages and legal considerations associated with them, and analyze the governance and other important details of ESOPs. This course is offered in partnership with Project Equity.

Highlights

• financial disclosure requirements
• federal tax updates
• tax planning strategies
• PCAOB standards

Objectives

• Identify the ASUs effective for 2024 and 2025 and their impact on debt conversion features, EPS computations, and convertible instrument accounting.
• Recognize the updated valuation requirements for contract assets and liabilities under ASC 606 in business combinations and their distinction from previous fair value approaches.
• Distinguish between the fair value measurement and disclosure mandates for equity securities with sale restrictions (ASU 2022 — 03) and derivative liability criteria (ASU 2020 — 06).
• Recall the enhanced reporting requirements for crypto assets (ASU 2023 — 08) and income tax reconciliations (ASU 2023 — 09), including necessary roll forwards and disaggregations.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.