As the year comes to an end, the Financial Accounting Standards Board (FASB) issued two accounting standards updates — one on disaggregation of income statement expenses and another on induced conversions of convertible debt instruments. Brad provides an overview of both ASUs.
HIGHLIGHTS
- FASB ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures
•- FASB ASU 2024-04, Debt - Debt with Conversion and Other Options
PREREQUISITES
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ADVANCE PREPARATION
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