The episode covers the last of the Accounting Standards Updates (ASUs) that the Financial Accounting Standards Board (FASB) issued at the end of 2025. ASU 2025-12 – Codification Changes includes changes related to terminology, EPS accounting, credit losses and receivables, not-for-profit guidance and more.

*** This episode qualifies for nano CPE credit. Find out more at https://njcpa.org/nano. ***

Resources:

• Accounting Standards Update 2025-12 – Codification Changes
• Accounting and auditing articles and events
• Join the Accounting & Auditing Standards Interest Group