Nano Learning: ASU 2023-05
N-110 | On Demand Course | Intermediate | Self-Study
Description
The FASB has issued ASU 2023-05, Business Combinations - Joint Venture Formations (Subtopic 805-60)Recognition and Initial Measurement, to address diversity in practice with respect to the initial measurement of joint ventures upon formation. The guidance will provide that the new organization use fair value (with certain exceptions) for the net assets contributed at formation. The standard is effective prospectively for all joint venture formations with a formation date on or after January 1, 2025 with options for retrospective application.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 0.20 | Accounting |
Objectives
Recall the impact of ASU 2023-05 on financial reporting.
Prices
- Member (Early Bird)
- $0.00
- Non-Member (Early Bird)
- $20.00
- Member
- $0.00
- Non-Member
- $20.00
Instructors
Melisa F. Galasso, CPA
Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts.
Melisa is a Certified Speaking Professional, a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.
Within the industry, Melisa serves on the FASB's Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA's Board of Directors. She previously served on the AICPA's Technical Issues Committee (TIC) and is a past-Chair of the NCACPA's A&A committee. Melisa also authors the AICPA's State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.
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