Tuesday, April 30 - Friday, May 31, 2019 (30 days)
Proposed Taxonomy Improvements for Proposed Accounting Standards Update Public Review hosted by FASB || Income Taxes (Topic 740)

Process Improvement
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.

FASB Staff Issues Proposed Taxonomy Improvements for a Proposed Accounting Standards Update (Revised), Income Taxes (Topic 740): Disclosure Framework—Changes to the Disclosure Requirement for Income Taxes, for Comment and Incorporates Taxonomy Improvements for Final Accounting Standards into the Development Taxonomy

The Financial Accounting Standards Board (FASB) staff recently issued for comment, proposed Taxonomy improvements for the following proposed Accounting Standards Updates:

Interested parties may provide comments on the proposed Taxonomy Improvements by sending their comments to xbrled@fasb.org.

In addition, the FASB staff recently incorporated into the Development Taxonomy improvements to the Taxonomy related to the following final Accounting Standards Updates:

  • Accounting Standards Update No. 2019-03—Not-for-Profit Entities (Topic 958): Updating the Definition of Collections
  • Accounting Standards Update No. 2019-02—Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—Broadcasters—Intangibles—Goodwill and Other (Subtopic 920-350): Improvements to Accounting for Costs of Films and License Agreements for Program Materials
  • Accounting Standards Update No. 2019-01—Leases (Topic 842): Codification Improvements.