Income Statement Disaggregation: ASC 240-40 25-26

The FASB has released a Proposed Accounting Standards Update addressing Disaggregation of Income Statement expenses (Subtopic 220-40). The extent of disclosures that will be required is such that one should be aware of. This new proposal entails much more detail than current requirements for public business entities.

Objectives

• Determine the extent of expense disaggregation disclosures necessary.
• Recognize the objective of expense disaggregation disclosures.
• Identify through examples, the expense disaggregation disclosures required.

Highlights

• Disclosure - Overview
• Disclosure - Expense Disaggregation
• Implementation Guidance

Who Will Benefit

CPAs, Financial professionals and professional staff dealing with this topic.

Credits