The Financial Accounting Standards Board (FASB) issued for public comment two proposed Taxonomy Implementation Guides which were made available in December 2023 pending SEC acceptance. The first proposed Guide, Leases under Topic 842, includes a new example that illustrates the modeling for disclosures reporting information about leases not yet commenced. The second proposed Guide, Financial Services—Investment Companies (Including SEC S-X Schedules for Business Development Companies), includes a new example that illustrates the modeling for the disclosure of financial support that an investment company is contractually required to provide to its investees but has not yet provided.
The comment period ends on February 19, 2024. Send comments to xbrled@fasb.org.
Read announcement with more details on comment submission: FASB Proposed Guides on Leases and Investment Companies
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