United States

FASB Meeting – September 19, 2016

Sep 26, 2016
From the Financial Reporting Network

The FASB met on September 19 and discussed Disclosure Framework: Disclosure Review—Inventory, specifically, potential changes to inventory disclosure requirements based on the concepts and decision questions in its proposed Statement of Financial Accounting Concepts, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements. The Board directed the staff to draft a proposed ASU for vote by written ballot, with a comment period of 60 days.

Read Tentative Board Decisions