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AM Now EP 10.10.23: FASB Updates, CA SB 253 & 261, the UK’s New Sustainability Reporting Framework

AM Now EP 10.10.23: FASB Updates, CA SB 253 & 261, the UK’s New Sustainability Reporting Framework

Accounting Matters

October 10, 20239m 51sbonus

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Show Notes

Don’t fear, friends…Embarkers Adam Olsen and Matt Fisser are back with what’s going on in accounting and finance this week, including:


  • ASU 2023-06, the FASB’s response to the SEC’s Disclosure Update and Simplification Initiative.
  • The FASB’s Oct 4 meeting focused on two key items: Codification improvements and EITF Issue No. 23-A, “Induced Conversions of Convertible Debt Instruments.”
  • California’s forward-looking, trend-setting climate reporting bills, SB 253 and SB 261.
  • The final edition of the UK’s Transition Plan Taskforce (TPT) Disclosure Framework, aimed at establishing a top-tier standard for companies to develop and report their climate transition plans.


For more information on these and related topics:


ASU 2023-06: Disclosure Requirements

FASB October 4 Meeting Handout

SB 253 and SB 261: A Look at California's Landmark Climate Reporting Bills

FCA welcomes the launch of the Transition Plan Taskforce Disclosure Framework


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Topics

accountingfinancebusiness