281: A&A Update with Brad Muniz – 12/10/24

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 DisclosuresASU 2024-04, Debt - Debt with Conversion and Other OptionsAccounting and auditing articles and eventsJoin the Accounting & Auditing Standards Interest Group