The Financial Accounting Standards Board (FASB) has re-exposed for public comment proposed GAAP Taxonomy Improvements for a proposed Accounting Standards Update, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The update is intended to enhance disclosures related to a public business entity’s expenses. The update is designed also to address the requests of investors for more comprehensive data about the types of expenses in commonly presented expense captions.
The re-exposed proposed ASU and Release Notes are available at www.fasb.org. To improve the process for creating and using XBRL-structured financial statements, the SEC encourages filers, investors, analysts, software service providers, and other interested parties to review the re-exposed proposed GAAP Taxonomy Improvements and submit comments via email to xbrled@fasb.org by August 30, 2024.
Source:
FASB Staff Reexposes Proposed GAAP Taxonomy Improvements for a Proposed ASU—Disaggregation of Income Statement Expenses (Subtopic 220-40) (xbrl.us)
