United States

FASB Amends SEC Paragraphs in ASC to Address Disclosing the Effect of Adopting Recent ASUs

Jan 30, 2017
From the Financial Reporting View

The FASB has issued ASU No. 2017-03, Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings (SEC Update). The ASU incorporates into the FASB Accounting Standards Codification® recent SEC guidance about disclosing, under SEC SAB Topic 11.M, the effect on financial statements of adopting the revenue, leases, and credit losses standards.

Read FASB ASU 2017-03