Selected Accounting Standard – Intangibles – Goodwill and other Crypto Assets (Subtopic 350-60) – crypto assets (ASU 2023-08)
Select a converged, revised, or new accounting standard from the Financial Accounting Board (FASB) that has been issued within the last three years and that is of interest to you.
Refer to the PwC Accounting and Reporting website in this week’s Required Readings. This provides a listing of the most recent accounting standards and financial reporting-related developments and updates.
As you develop your initial response, you may want to refer to podcasts and videos available from PwC (linked in the Module 1 Interactive Lecture) and that concern your chosen standard or accounting theory. Note: Videos available on PwC’s YouTube channel Links to an external site.are closed captioned.
Do the following:
- Prepare an annotation of the accounting standard for the discussion board. (An annotation is a summary of the main points of the converged, revised, or new accounting standard. It must be organized and formatted according to APA style.)
- Include the following points in your annotation: