FASB Releases ASU 2018-01 on Land Easements

By Meagan Boonie

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842, that clarifies the application of the new leases guidance to land easements. Lease amendments (ASU 2016-02 and 2018-01) are effective for public entities with annual periods beginning after December 15, […]

Content Integration on the CPA Exam

By Surgent CPA Review Team


AICPA Board of Examiners has identified the need to test higher-order skills like critical thinking, problem solving, analytical ability, and professional skepticism.