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Author: |
Steven C Fustolo, CPA, MBA |
Course Length: |
Pages: 39 ||| Word Count: 12,613 ||| Review Questions: 11 ||| Final Exam Questions: 10 |
CPE Credits: |
2.0 |
IRS Credits: |
0 |
Price: |
$17.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Accounting |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course addresses selected recently issued Accounting Standards Updates covering joint ventures, crypto assets, income tax disclosures, and expense disaggregation.
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Frequently Asked Questions: |
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Description: |
The objective of this course is to address selected recently issued 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. |
Usage Rank: |
33333 |
Release: |
2025 |
Version: |
1.0 |
Prerequisites: |
Basic understanding of U.S. GAAP. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Evaluating and Properly Disclosing FASB Accounting Standard Updates (ASUs)
Internal: 2025 FASB Review for Industry | CPE Course
External: FASB PDF for ASU 2023‑08
External: Accounting Standard Definition: How It Works
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
23-Sep-2025 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Selected Accounting Standards Updates (ASUs) - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives After reading this course, you will be able to:
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Course Contents: |
Chapter 1 - Selected Accounting Standards Updates (ASUs) I. Selected Accounting Standards Updates (ASUs) ASU 2023-05: Business Combinations— Joint Venture Formations (Subtopic 805-60)- Recognition and Initial Measurement Review Questions ASU 2023-08: Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets Review Questions ASU 2023-09: Income Taxes (Topic 740)-Improvements to Income Tax Disclosures ASU 2024-03: Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)- Disaggregation of Income Statement Expenses and ASU 2025-01: Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)- Clarifying the Effective Date Review Questions II. Accounting Standards Updates (ASUs) Glossary |
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