Friday, January 24, 2020 - Monday, February 24, 2020 (30 days)
Proposed Taxonomy Implementation Guides Comment Period hosted by FASB || Leases under Topic 842 || Revenue from Contracts with Customers

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.