Checkpoint Learning

    Checkpoint Learning

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    FASB Guidance on Joint Ventures  

    CATEGORY: Accounting & Auditing
    COURSE ID: CPACJV, VERSION 1.00
    1 2 3 4 5
    (33)
      Online & Mobile
    1 CPE Credits
    Level: Update

    Prior to August 2023 GAAP did not provide specific authoritative guidance on the accounting for joint ventures. The FASB issued ASU 2023-05 to provide clarity around the accounting when a joint venture is formed. Russ Madray, CPA reviews this guidance designed to assist in providing decision-useful information to stakeholders and reduce diversity in practice.

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