Crowe | 1.5 CPE | Income tax credits: Understanding ASU 2023-02

Crowe | 1.5 CPE | Income tax credits: Understanding ASU 2023-02

In March 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-02, which designed to improve the accounting and disclosures for investments in tax credit structures. This ASU expands the scope of the proportional amortization method, previously limited to low-income-housing tax credit structures, to investments in other tax credit structures. What does this mean for your organization? Our team is here to answer your questions.

In this webinar, our team of specialists will provide an overview of the new ASU. Then, they’ll do a deep dive into the accounting for investments in tax credit structures, with a focus on the proportional amortization method. Plus, you’ll have a chance to ask questions during the live Q&A session. 

As a result of participating in this event, you should be able to:  

  • Explain the provisions of ASU 2023-02
  • Define the accounting guidance applicable to investments in tax credit structures
  • Describe how the different methods of accounting for income tax credit investments affect an entity’s financial statements

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