In this episode, Brad shares information about a proposed ASU from the Financial Accounting Standards Board (FASB) on purchased financial instruments. He also discusses AICPA guidance on proposed adjustments as well as new implementation guidance from the Governmental Accounting Standards Board (GASB).

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• FASB Seeks Public Comment on Proposal to Improve the Accounting for Purchased Financial Assets
• GASB Provides Guidance to Assist Stakeholders with Application of Its Pronouncements
• Accounting & Auditing Knowledge Hub
• Join the Accounting & Auditing Standards Interest Group