What Updates of US GAAP Codification are Becoming Effective in 2020 for Your Entity?

The Financial Accounting Standards Board (FASB) issues on regular basis new accounting and reporting standards or updates of the standards already in force. Changes in the accounting rules become effective in accordance with a published calendar for each individual accounting standard update. Different dates are relevant for different types of companies – public or privately owned.

On its webpage the FASB has published a list of the standards or updates of the standards issued up to date together with the listed effective dates.

Here you have a chance to verify what modifications and updates you need to consider and implement in your reporting process in 2020.

In case of need, our specialists may help you with the implementation of the news and changes into your accounting and reporting processes.

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