Nano Learning: ASU 2023-01
N-108 | On Demand Course | Intermediate | Self-Study
Description
The FASB issued ASU 2023-01 in response to feedback from private companies around the consideration of legal enforceability when leases were between entities under common control. It allows private companies and nonprofits without conduit debt to use the written terms and conditions for accounting for leases under common control. It also updates the accounting for leasehold improvements for all entities by requiring LHI's to be amortized over their useful life. ASU 2023-01 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 0.20 | Accounting |
Objectives
Recall the impact of ASU 2023-01 on financial reporting
Prices
- Member (Early Bird)
- $0.00
- Non-Member (Early Bird)
- $0.00
- Member
- $0.00
- Non-Member
- $0.00
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give us a call at 615-377-3825 or send us an e-mail at
registrar@tscpa.com