ASU

Accounting September 30, 2025 

The ASU also clarifies the applicability of Topic 606, Revenue from Contracts with Customers, and its interaction with other Topics (including Topic 815 on derivatives and hedging and Topic 321 on equity securities).

Isaac M. O'Bannon

Accounting Standards September 18, 2025 

“The new ASU addresses changes in software development methods, increasing the operability of the recognition guidance for improved financial reporting," FASB Chair Richard Jones said.

Isaac M. O'Bannon