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FASB standard setting—Your cheat sheet to what's ahead in GAAP
While relatively few new accounting standards have been issued this year, the FASB has been busy, with several proposals expected before year end and other projects underway. We discuss key projects on the FASB's agenda, potential changes to US GAAP, and why companies should be paying attention during the development phase. We also explore how companies can get involved and provide feedback during the standard setting process.
Key topics and timestamps
2:24 – Cash equivalents, stablecoins, and disclosures
5:53 – Equity-linked instrument classification
10:58 – Equity method of accounting
15:52…
The skinny
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