Who this is for
SEC reporting manager | You own the note in the 10-K and 10-Q, and you are the one who defends what is in it |
Technical accounting lead | You keep the standards-tracking file and decide what applies to your fact pattern |
Controller or assistant controller | You sign the note off and want to know nothing is missing before you do |
Disclosure committee member | You review the note once a year with no independent way to check it is complete |
When this would be relevant
Minimum, twice a year
When you draft the annual note
Mid-year to confirm nothing new has landed
Could also be useful in the week an ASU is issued to refresh your list
What you need
The list comes from public FASB material and your own filed reports. Fina can pull your last filed note from EDGAR, but it cannot see the note you are drafting right now, and the draft is where the gap still is.
Upload your working draft of the note, or the draft filing it sits in, and run the second
question below against it.
How to run it
Expand to view the prompt or click below to open Fina directly
Expand to view the prompt or click below to open Fina directly
Which FASB Accounting Standards Updates are pending adoption for [your company]? For each, give the effective date, the early adoption terms, and the new disclosure it introduces.
The button above opens with the question already typed. Put your own company name in. Fina picks up your fiscal year end, filer status and expense captions from your filings, so you do not have to describe your profile. It turns Fina's response from a list of standards into a view of which ones actually reach you.
What Fina comes back with
Every entry carries a date, an early-adoption term and a disclosure consequence, which is what makes it a note rather than a reading list.
Run against a large, calendar-year filer on 9 September 2026, the pending population was led by DISE (ASU 2024-03, clarified by 2025-01), first required in FY2027 annual reporting with interim application in FY2028, and internal-use
software (ASU 2025-06), first required in FY2028 including interim periods.
What makes it better than a hand-built list
It grades applicability against your own numbers.
In our example, DISE applied with high confidence because that filer has the relevant cost-of-services and SG&A captions, inventory, depreciation, amortization and employee compensation. ASU 2025-06 applied because the filer carries $8.4 billion of net non-network internal-use software.
It separates what still needs scoping.
In our example, Hedge accounting likely applies given an active derivative portfolio. Derivatives scope, Codification Improvements and environmental credits need contract-level review before you can say either way.
It does not flatten early adoption.
All of these are early-adoptable and the terms differ. ASU 2025-09 permits adoption on any date on or after 25 November 2025. ASU 2025-12 permits it as long as financial statements have not yet been issued.
What it will not do without further inputs
It will not tell you whether a standard is material to you. Applicability and materiality are separate assessments and belong in separate places in your file.
Attach your draft to make it golden
Attach the draft and ask:
Here is our current draft of note 1 (summary of significant accounting policies). Which of the pending FASB accounting standard updates are missing from it, and is anything in it that should not be there?
Fina prepares directed edits rather than advice based on past disclosure
Fina can benchmark the draft to your peers
Instead of sifting through multiple filings and documents, you spend time on understanding the guidance and peer language.