Nano Learning: ASU 2025-01 & 2025-02
N-224 | On Demand Course | Intermediate | Self-Study
Description
In Q1 of this year, the FASB issued ASU 2025-01 & ASU 2025-02. ASU 2025-01 amends the effective date of ASU 2024-03, regarding Expense Disaggregation Disclosures, to clarify that all PBEs are required to adopt the guidance in annual reporting periods within annual reporting periods beginning after December 15, 2027, with early adoption of ASU 2024-03 permitted.
ASU 2025-02 was issued by the FASB in March. This was due to the SEC Staff Accounting Bulletin issuing SAB No. 122, which rescinded the interpretive guidance included in SAB 121 on Accounting for Obligations to Safeguard Crypto-Assets an Entity Holds for its Platform Users. As a result of SAB No. 122, the FASB had to update the guidance on Liabilities (Topic 405).
Credits
| Number of Credits | Type of Credits |
|---|---|
| 0.20 | Accounting |
Objectives
Recall the impact of ASU-2025-01 and ASU 2025-02
Prices
- Member (Early Bird)
- $0.00
- Non-Member (Early Bird)
- $20.00
- Member
- $0.00
- Non-Member
- $20.00
Instructors
Melisa F. Galasso, CPA
Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts.
Melisa is a Certified Speaking Professional, a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.
Within the industry, Melisa serves on the FASB's Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA's Board of Directors. She previously served on the AICPA's Technical Issues Committee (TIC) and is a past-Chair of the NCACPA's A&A committee. Melisa also authors the AICPA's State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.
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