In this table:
A = annual periods
I = interim periods
* = Indicates a gap in ASU sequencing. ASUs excluded from this list are effective for all applicable entities, including entities with off-calendar year-ends.
= If ‘Complex effective date’ is marked ‘Yes’, additional information is required to determine when the ASU is effective for your company. See the source ASU at fasb.org for complete effective date information. For certain ASUs, additional information is provided in the footnotes that appear on the pdf available for download.
~ = Certain not-for-profit entities and employee benefit plans must adopt this ASU using the public company effective dates. For more information, refer to the source ASU at fasb.org.
| Gray shading indicates that the ASU is first effective in 2023 for a calendar year-end entity. |
The ASUs in this table are generally effective for A/I periods in fiscal years beginning on or after the dates provided.
Title |
ASC |
A/I |
Public business entities |
All other entities |
Early adoption |
Complex effective date |
Resources |
|||
|---|---|---|---|---|---|---|---|---|---|---|
| SEC filers not eligible to be an SRC | SEC filers eligible to be an SRC | Not an SEC filer | ||||||||
| 2023-05 | Joint venture formations (Subtopic 805-60): Recognition and initial measurement | 805-60 | A/I | 1/1/25 | 1/1/25 | 1/1/25 | 1/1/25 | Yes | Yes1 | Defining Issues |
| 2023-04 | Amendments to SEC paragraphs pusuant to SAB 121 | 405 | A/I | 8/3/23 | 8/3/23 | 8/3/23 | N/A | N/A | N/A | — |
| 2023-03 | Amendments to SEC paragraphs pursuant to SAB 120, SEC staff announcement at March 24, 2022 EITF meeting, and SAB Topic 6.B | 205 220 480 505 718 |
A/I | 7/14/23 | 7/14/23 | 7/14/23 | N/A | N/A | N/A | — |
Accounting for investments in tax credit structures using the proportional amortization method |
323 |
A/I |
12/15/23 |
12/15/23 |
12/15/23 |
12/15/24 |
Yes |
No |
||
Leases — Common control arrangements |
842 |
A/I |
12/15/23 |
12/15/23 |
12/15/23 |
12/15/23 |
Yes |
Yes2 |
||
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