The Financial Accounting Standards Board (FASB) published a request for comment on proposed GAAP Taxonomy Improvements for the following proposed Accounting Standards Update on Topic 326: Measurement of Credit Losses for Accounts Receivable and Contract Assets for Private Companies and Certain Not-for-Profit Entities (Release Notes).
Comments will be accepted until January 17, 2025 by emailing xbrled@fasb.org. Be sure to include the File Reference Number which can be found on the Release Notes.
Read the announcement: FASB Staff Issues Proposed GAAP Taxonomy Improvements for Proposed Update on Measuring Credit Losses for Accounts Receivable and Contract Assets for Private Cos and NFP
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