Mid-Year Accounting Standards for CPAs - 2026
Author: Salvatore Collemi
| CPE Credit: |
2 hours for CPAs |
Staying current with rapidly evolving U.S. GAAP is essential for today’s accounting professionals. This update-focused course provides a concise and practical review of the latest Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB) for 2025 and 2026. Participants will gain clarity on newly effective standards, upcoming requirements, key exposure drafts, and developments likely to shape future GAAP.
The program highlights significant changes in recognition, measurement, presentation, and disclosure—including updates affecting joint venture formations, valuation requirements, and other high‑impact areas. Designed for practitioners across public accounting, corporate finance, nonprofit organizations, and education, this course ensures professionals are equipped to implement new standards confidently and maintain compliance with evolving reporting expectations.
Publication Date: June 2026
Designed For
This course is designed for accounting professionals who must stay current on U.S. GAAP developments and FASB standard‑setting activity. Anyone seeking a mid‑year update on ASUs and emerging FASB activity
Topics Covered
- Overview of newly issued ASUs for 2025–2026
- Key changes to GAAP and related effective dates
- Exposure drafts and anticipated standard‑setting activity
- Revised accounting and valuation considerations, including joint ventures
- FASB board actions, agenda projects, and notable pronouncements
- Other emerging issues affecting financial reporting and disclosures
Learning Objectives
- Recognize and apply newly issued FASB Accounting Standards Updates (ASUs)
- Identify significant issues, implementation considerations, and disclosure changes introduced by recent ASUs
- Evaluate valuation and reporting changes affecting newly formed joint ventures
- Analyze exposure drafts and anticipate potential future changes to U.S. GAAP
- Identify how FASB pronouncements may affect financial reporting across various industries
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
Basic working knowledge of U.S. GAAP
Advance Preparation
None
