As the year comes to an end, there are two new accounting standards updates from the Financial Accounting Standards Board (FASB) — one on disaggregation of income statement expenses and another on induced conversions of convertible debt instruments. Brad provides an overview of both ASUs.

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

Resources:

• ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures
• ASU 2024-04, Debt - Debt with Conversion and Other Options
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group