📊 For years, businesses preparing financial statements had to deal with costly forecasts and heavy documentation when estimating credit losses, often with little real impact.
The new ASU 2025-05 changes that, introducing a practical expedient: simpler compliance, the option to consider post-balance sheet collections, and more decision-useful info for investors.
At Dude Biz, we keep you ahead of updates that matter — ensuring your practices evolve with the rules, staying practical and efficient while you focus on growth. 💡
👉 Chat with us to see how this update could affect your business! 💬
