Selected Accounting Standards Updates
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. This course uses materials entitled,  Selected Accounting Standards Updates (ASUs)- 2026 Version, authored by Steven C. Fustolo CPA.
This course is included in our Accounting and Auditing CPE Bundle.
Course Information
Course No. F230
Format: Online pdf (141 pages). Printed book available.
Prerequisites: General understanding of compilation and review and auditing standards
Advance Preparation:None
Level: Overview
CPE Credit: 4 hrs.
Field of Study: Accounting: Technical
Course expiration:Â Â You have one year from date of purchase to complete the course.
Course Revision Date: March 2026
Objectives
After reading the course material, you will be able to:
- Recognize examples of internal-use software
- Identify criteria to begin and end capitalization of internal-use software
- Review how to determine the accounting acquirer in a business combination
- Recognize how to account for forfeitures related to share-based consideration payable to a customer
- Recall some of the new disclosures for income taxes required by ASU 2023-09
- Identify how to measure a crypto asset
- Review how to measure and record a crypto asset on the balance sheet and income statement
- Review how to measure and account for a joint venture
- Recognize the type of entity which is subject to the new disaggregation of expenses disclosures required by ASU 2024-03
- Identify a new method that is authorized to record treasury stock in accordance with ASC 505
Discussion Topics:
ASU 2025-06: Intangible—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software
ASU 2025-03: Business Combinations (Topic 805) and Consolidation (Topic 810): Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity
ASU 2025-04: Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Clarifications to Share-Based Consideration Payable to a Customer
ASU 2023-09: Income Taxes (Topic 740)-Improvements to Income Tax Disclosures
ASU 2023-08: Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets
ASU 2023-05: Business Combinations— Joint Venture Formations (Subtopic 805-60)- Recognition and Initial Measurement
ASU 2024-03: Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)- Disaggregation of Income Statement Expenses
ASU 2025-01: Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)- Clarifying the Effective Date
ASU 2025-12: Codification Improvements
