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Favorited Content
ASU No. | Standard name | Effective date | Early adoptable | PwC resources |
---|---|---|---|---|
Reference Rate Reform (Topic 848): Scope | Upon issuance (January 7, 2021) through December 31, 2024, as amended by ASU 2022-06 | Not applicable | ||
Upon issuance (December 21, 2022) through December 31, 2024 | Not applicable | |||
Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity | SRCs: Fiscal years beginning after December 15, 2023, and interim periods within those fiscal years | Yes, but only as of the beginning of a fiscal year beginning after December 15, 2020. | ||
Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions | Fiscal years beginning after December 15, 2023, and interim periods within those fiscal years | Yes | ||
Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations | Amendment on rollforward information is effective for fiscal years beginning after December 15, 2023. | Yes | ||
Leases (Topic 842): Common Control Arrangements | Fiscal years beginning after December 15, 2023, and interim periods within those fiscal years | Yes | ||
Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method | Fiscal years beginning after December 15, 2023, and interim periods within those fiscal years | Yes | ||
Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures | Fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. | Yes |
ASU No. | Standard name | Effective date | Early adoptable | PwC resources |
---|---|---|---|---|
Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts | SRCs: As amended by ASU 2020-11, fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after December 15, 2025 | Yes | ||
Financial Services—Insurance (Topic 944): Effective Date | SRCs: As amended by ASU 2020-11, fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after December 15, 2025 | Not applicable | ||
Financial Services—Insurance (Topic 944): Effective Date and Early Application | SRCs: Fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after December 15, 2025 | Yes - early transition relief available | ||
Financial Services—Insurance (Topic 944): Transition for Sold Contracts | SRCs: Fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after December 15, 2025 | Yes - early transition relief available | ||
Business Combinations—Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement | 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. | ||
Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets | Fiscal years beginning after December 15, 2024, including interim periods within those fiscal years. | Yes | ||
Income Taxes (Topic 740): Improvements to Income Tax Disclosures | Fiscal years beginning after December 15, 2024. | Early adoption is permitted in any annual period in which financial statements have not yet been issued (or made available for issuance), either prospectively or retrospectively. | ||
Compensation—Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards
| Fiscal years beginning after December 15, 2024, including interim periods within those fiscal years.
| 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.
| ||
Codification Improvements—Amendments to Remove References to the Concepts Statements
| Fiscal years beginning after December 15, 2024, including interim periods within those fiscal years.
| 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.
|
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