The Financial Accounting Standards Board published proposed GAAP Taxonomy Improvements for public exposure periods and has requested comment as follows:
- The FASB recently re-exposed for comment Proposed GAAP Taxonomy Improvements for Proposed Accounting Standards Update—Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The Taxonomy Staff is interested in feedback on its revised proposed taxonomy improvements for the disaggregation of income statement expenses. The comment period ends on August 30, 2024. Submit comments to xbrled@fasb.org.
Read the Announcement: FASB Staff Reexposes Proposed GAAP Taxonomy Improvements for a Proposed ASUDISE (July 31 2024)
- The FASB issued proposed GAAP Improvements for the Proposed Accounting Standards Update— Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for a Share-Based Payment from a Customer in a Revenue Contract, to address stakeholder feedback related to (1) the application of derivative accounting to contracts with features based on the operations or activities of one of the parties to the contract and (2) the diversity in accounting for a share-based payment from a customer that is consideration for the transfer of goods or services. The comment period ends on October 21, 2024. Submit comments to xbrled@fasb.org.
Read the Announcement: FASB Staff Issues Proposed GAAP Taxonomy Improvements Derivatives Scope Refinements and Scope Clarification (July 24 2024)
