Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy.
Proposed Taxonomy Improvements for Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments
The Financial Accounting Standards Board (FASB) staff recently issued for comment proposed Taxonomy improvements for the following Accounting Standards Update:
- Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (Release Notes)
The comment period on the proposed Taxonomy Improvements related to the Accounting Standards Update on measurement of credit losses on financial instruments ends on November 2, 2018.
Interested parties may provide comments on the proposed Taxonomy Improvements by sending their comments to firstname.lastname@example.org.