ASU definition

ASU means the Accounting Standards Update 2016-02, Leases (Topic 842) by the Financial Accounting Standards Board issued on February 25, 2016.
ASU has the meaning assigned to such term in Section 1.04.
ASU means Accounting Standards Update;

Examples of ASU in a sentence

  • The Board of Governors adopted this standard using the modified retrospective method to report results under ASU 2016-13 for reporting periods after January 1, 2023.The adoption of this standard did not impact the Bank's financial statements.

  • Accounting Pronouncements Not Yet Adopted Disclosure Improvements In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.

  • PAC-12 START• ASU is 4-1 through their first five Pac-12 games for the second consecutive season.

  • The 40 wins are the most in the nation during that span.• ASU is 5-0 in games decided by three points or fewer this season.

  • In June 2016, the FASB issued Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, amended in subsequent related ASUs. ASU 2016-13 introduces the CECL methodology which replaced the previous GAAP method of calculating credit losses.


More Definitions of ASU

ASU has the meaning specified in Section 1.03.
ASU means the Accounting Standards Update issued by the Financial Accounting Standards Board.
ASU as defined in Section 1.3(b).
ASU has the meaning assigned to it in the definition ofCapitalized Lease Obligation.”
ASU means Accounting Standards Update. “bbl” or “bbls” means barrel or barrels. “bbls/d” means barrels per day.
ASU means Accounting Standards Update. “Bbl” or “Bbls” means barrel or barrels. “BKV” means Banpu Kalnin Ventures.
ASU means Accounting Standards Update. “Bbl” or “Bbls” means barrel or barrels. “Bcf” means billion cubic feet.