ACPEN: What's Going on at the FASB (2026/27)

Overview

This course provides an efficient update on recent and upcoming accounting standard-setting activity issued by the Financial Accounting Standards Board. The course focuses on Accounting Standards Updates (ASUs) effective for December 31, 2026 year-ends for public companies, private entities, and not-for-profit organizations.

Participants will also review issued ASUs with future effective dates, along with high-level insights into recent exposure drafts. Emphasis is placed on understanding timing, scope, and areas of change that may affect financial reporting and implementation planning.

Designed as a practical update for preparers, auditors, and financial professionals, this course helps participants stay current on FASB activity and better anticipate the impact of evolving accounting standards.

Highlights

• Recent and upcoming FASB standard-setting activity
• Accounting Standards Updates (ASUs) effective for December 31, 2026 year-ends
• Impact of ASUs on public, private, and not-for-profit entities
• ASUs with future effective dates
• Exposure drafts and proposed standards
   

Prerequisites

Prior experience with US GAAP

Designed For

All accounting/auditing professionals

Objectives

• Recall effective dates for recently issued FASB standards
• Recognize the impact of recently issued ASUs on financial reporting
• Identify proposed changes to financial reporting included in recent FASB exposure drafts

Preparation

 None