A&A Today: Presented by the WSCPA and Galasso Learning Solutions

FASB has issued a new ASU relating to supplier finance programs. Prior to this ASU, there was no explicit disclosure requirements and users requested more understanding of these types of financing. The new ASU provides disclosures to provide more insight for financial statement users. The standard is effective for fiscal years beginning after December 15, 2022 with an extension for the rollforward requirements.

Have you or your clients entered into these type of arrangements?

To learn more about important accounting and auditing developments, join us for one of these upcoming CPE programs with Melisa Galasso.

WSCPA is excited to partner with Galasso Learning Solutions to provide A&A Today, real-time A&A updates and answers. Check the WSCPA blog often for new episodes or subscribe on YouTube.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.