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  1. Accounting Standards Update
  2. FASB Accounting Standards Updates for Public Business Entities

FASB Accounting Standards Updates for Public Business Entities

Guidance Effective in 2025 for Calendar Year-End Public Business Entities

Number Title Effective Date Early Adoptable AHP Insights
ASU 2023-05
Learn More 		Business Combinations - Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement "The amendments in this ASU are effective prospectively for all joint venture formations with a formation date on or after January 1, 2025" Early adoption is permitted in any interim or annual period in which financial statements have not yet been issued (or made available for issuance), either prospectively or retrospectively
ASU 2023-08
Learn More 		Intangibles - Goodwill and Other--Crypto Assets (Suptopic 350-60): Accounting for and Disclosure of Crypto Assets Fiscal years beginning after December 15, 2024, including interim periods within those fiscal years Early adoption is permitted for both interim and annual financial statements that have not yet been issued (or made available for issuance)
ASU 2023-09
Learn More 		Income Taxes (Topic 740): Improvements to Income Tax Disclosures Annual periods beginning after December 15, 2024 Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance
ASU 2024-01
Learn More 		Compensation - Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards Annual periods beginning after December 15, 2024, and interim periods within those annual periods Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance
ASU 2024-02
Learn More 		Codification Improvements - Amendments to Remove References to the Concepts Statements Fiscal years beginning after December 15, 2024 "Early adoption is permitted for any fiscal year or interim period for which financial statements have not yet been issued (or made available for issuance)"
ASU 2025-02
Learn More 		Liabilities (405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 122 Upon Issuance (March 2025) Not applicable

Guidance Effective in 2026 for Calendar Year-End Public Business Entities

Number Title Effective Date Early Adoptable AHP Insights
ASU 2024-04
Learn More 		Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments Annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods Early adoption is permitted for all entities that have adopted the amendments in ASU 2020-06
ASU 2025-05
Learn More 		Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets Annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods Early adoption is permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance

Guidance Effective in 2027 and After for Calendar Year-End Public Business Entities

Number Title Effective Date Early Adoptable AHP Insights
ASU 2024-03
Learn More 		Income Statement - Reporting Comprehensive Income--Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses As amended by ASU 2025-01, annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027 Yes
ASU 2025-01
Learn More 		Income Statement - Reporting Comprehensive Income--Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date Annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027 Yes
ASU 2025-03
Learn More 		Business Combinations (Topic 805) and Consolidation (Topic 810): Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity Annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods Yes, as of the beginning of an interim or annual reporting period
ASU 2025-04
Learn More 		Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Clarifications to Share-Based Consideration Payable to a Customer Annual reporting periods (including interim reporting periods within annual reporting periods) beginning after December 15, 2026 Yes
ASU 2025-06
Learn More 		Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software Annual reporting periods beginning after December 15, 2027, and interim reporting periods 4 within those annual reporting periods Yes, as of the beginning of an annual reporting period
ASU 2025-07
Learn More 		Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract Annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods Yes
ASU 2025-08
Learn More 		Financial Instruments - Credit Losses (Topic 326): Purchased Loans Annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods Early adoption is permitted in an interim or annual reporting period in which financial statements have not yet been issued or made available for issuance
ASU 2025-09
Learn More 		Derivatives and Hedging (Topic 815): Hedge Accounting Improvements Annual reporting periods beginning after December 15, 2026, and interim periods within those annual reporting periods Yes
ASU 2025-10
Learn More 		Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities Annual reporting periods beginning after December 15, 2028, and interim reporting periods within those annual reporting periods Early adoption is permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance
ASU 2025-11
Learn More 		Interim Reporting (Topic 270): Narrow-Scope Improvements Interim reporting periods within annual reporting periods beginning after December 15, 2027 Yes
ASU 2025-12
Learn More 		Codification Improvements Annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods Early adoption is permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance
ASU 2026-01
Learn More 		Equity (Topic 505): Initial Measurement of Paid-in-Kind Dividends on Equity-Classified Preferred Stock Annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods Early adoption is permitted in an interim or annual reporting period in which financial statements have not yet been issued or made available for issuance
ASU 2026-02
Learn More 		Environmental Credits and Environmental Credit Obligations (Topic 818) Annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods Yes, as of the beginning of an annual reporting period