ASU 2024-01 — Compensation—Stock Compensation (Topic 718)—Scope Application of Profits Interest and Similar Awards

The amendments in this Update improve the clarity of paragraph 718-10-15-3 and its application to profits interest or similar awards, primarily through the addition of an illustrative example that includes four fact patterns.

This Accounting Standards Update is the final version of Proposed Accounting Standards Update 2023-ED300—Compensation—Stock Compensation (Topic 718): Scope Application of Profits Interest Awards, which has been deleted.

For more information, see the following:

Issued: March 21, 2024