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Benefit of Accounting Standard Update for financial statement
Benefit of Accounting Standard Update for financial statement
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Discuss the benefit of Accounting Standard Update for financial statement prepare
- Read ASU (Accounting Standard Update) 2015-01. (You may download it from the FASB website) 2. Summarize key points of this update. 3. Why did FASB issue this update? 4. What are the expected benefits of this update for financial statement preparers? 5. Refer to the text book material, how does the textbook define earnings quality? How would you think this update affect earnings quality of income from continuing operations?