FASB Staff Issues a Proposed Taxonomy Implementation Guide on Leases under Topic 842 and a Proposed Taxonomy Implementation Guide on Revenue from Contracts with Customers under Topic 606 for Comment
- Leases under Topic 842, includes new examples that highlight the reporting of right-of-use assets in a classified statement of financial position and an unclassified statement of financial position (Release Notes)
- Revenue from Contracts with Customers (including revenue and cost of revenue presentation in the Statement of Income), includes new examples to help users of the Taxonomy understand the modeling for revenue from contracts with customers under FASB Accounting Standards Codification® Topic 606 (Release Notes)
The comment periods for both proposed Taxonomy Implementation Guides ends on February 24, 2020.
Interested parties may provide comments on the proposed Taxonomy Implementation Guides by sending their comments to xbrlguide@fasb.org.
Upcoming XBRL US Events
2026 Data Summit presented by the Data Foundation
Reporting Modernization Work Group Meeting
Domain Steering Committee Meeting
Structured Data Case Studies: Unlocking the Power of XBRL for Next-Generation Financial Analysis
Public Review for Version 30 of DQC Rules
Standard Government Reporting Work Group Meeting
Center for Data Quality Committee Meeting
