ASUs Issued Since Previous Edition. The following FASB Accounting Standards Updates (ASUs) were issued since Wiley GAAP 2026 and through June 2026. Click on each update below for a summary of the guidance.

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• Update 2025-08—Financial Instruments—Credit Losses (Topic 326): Purchased Loans

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• Update 2025-09—Derivatives and Hedging (Topic 815): Hedge Accounting Improvements

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• Update 2025-10—Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities

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• Update 2025-11—Interim Reporting (Topic 270): Narrow-Scope Improvements

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• Update 2025-12—Codification Improvements

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• Update 2026-01—Equity (Topic 505): Initial Measurement of Paid-in-Kind Dividends on Equity-Classified Preferred Stock