Accounting standards effective dates

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 2024 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.

ASU	Title	ASC	A/I	Public business entities			All other entities	Early adoption	Complex effective date	Resources
ASU	Title	ASC	A/I	*SEC filers not* eligible to be an SRC**	SEC filers eligible to be an SRC	Not an SEC filer	All other entities	Early adoption	Complex effective date	Resources
2019-12	Simplifying the accounting for income taxes	740	A	12/15/20	12/15/20	12/15/20	12/15/21	Yes	No	Defining Issues Handbook
2019-12	Simplifying the accounting for income taxes	740	I	12/15/20	12/15/20	12/15/20	12/15/22	Yes	No	Defining Issues Handbook
2019-11	Codification improvements to Topic 326, Financial instruments—Credit losses	326	A/I	12/15/19	12/15/22	12/15/22	12/15/22	Yes	Yes¹⁰	Web article Handbook
2019-05*	Credit losses – Targeted transition relief	326	A/I	12/15/19	12/15/22	12/15/22	12/15/22	Yes	Yes¹⁰	Web article Handbook
2019-04	Credit losses, derivatives and hedging, financial instruments – Codification improvements	326 815 825	A/I	12/15/19	12/15/22	12/15/22	12/15/22	Yes	Yes^12,14	Defining Issues Handbook
2018-10~	Leases – Codification Improvements	842	A	12/15/19	12/15/19	12/15/19	12/15/21	Yes	Yes¹²	Defining Issues
2018-10~	Leases – Codification Improvements	842	I	12/15/19	12/15/19	12/15/19	12/15/22	Yes	Yes¹²	Defining Issues

Download the document

Accounting standards effective dates

Download PDF

Explore more

Access our accounting research website for additional resources for your financial reporting needs.

Access ARO

Relevant Results

Sorry, there are no results matching your search.

Download the document