Investment Management — Accounting and Financial Reporting Update
November 6,
2020
The standard setters made limited changes to
accounting and financial reporting guidance in 2020, so industry participants
focused mainly on adopting or preparing to adopt the major standards issued
previously by the FASB. Developments in 2020 include the standard setters’ continued
work on issues related to the implementation of several standards.
The topics discussed in this publication were
selected because they may be of particular interest to investment management
entities. This publication also lists selected ASUs that were issued in calendar
year 2020 and summarizes the current status of, and next steps for, selected active
FASB projects.