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ASUGMAILBy default, every ASU student has two email addresses delivered to the same inbox: 1. First. Last@ASU.edu 2. ASURITEUserID×ASU.follow these steps to ensure that you are receiving emails sent
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Every ASU (Accounting Standards Update) is an update issued by the Financial Accounting Standards Board (FASB) that amends the Accounting Standards Codification (ASC).
All entities that follow Generally Accepted Accounting Principles (GAAP) in the United States are required to apply the updates provided by ASUs.
ASUs are typically implemented by adjusting the accounting policies and financial statements of an entity in accordance with the specific guidance provided in the update.
The purpose of ASUs is to improve financial reporting by providing clarification, modification, or additional guidance on existing accounting standards.
The specific information to be reported will depend on the content of the ASU being implemented, which may include changes in recognition, measurement, disclosure, or presentation of certain financial items.
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