Accounting Standard Updates: Effective First Quarter 2018

Effective in the first quarter of 2018, a number of Accounting Standard Updates (ASUs) take effect for both public entities, and all other entities with calendar year-ends. In the following report, BDO has captured the main provisions of each ASU that went into effect during the first quarter of 2018. Along with the main provisions of the ASUs, BDO provides further guidance, including direct links to the FASB Accounting Standards Update website for each ASU in effect.