Skip to main content

Happy holidays! The WSCPA will be closed December 23-27th.

Need last-minute WBOA-required ethics credits? Check out this self-study program: Washington Ethics and New Developments with Mark Hugh 2024 - ON DEMAND

FASB ED: Disaggregating Expenses

August 14, 2023

by WSCPA

A&A TODAY: PRESENTED BY THE WSCPA AND GALASSO LEARNING SOLUTIONS

At the end of July, the FASB proposed new disclosure requirements that would require public business entities to provide more disaggregated data around their income statement expenses. Unlike the recent income tax disclosure proposal, this proposal only impacts public business entities. It is in response to a request from investors to provide more granular information to assist users in understanding the company's cash flows. Comments are due October 30th.

Do you agree that only public business entities should be required to provide these additional disclosures?

To learn more about important accounting and auditing developments, join us for one of these upcoming CPE programs with Melisa Galasso.

WSCPA is excited to partner with Galasso Learning Solutions to provide A&A Today, real-time A&A updates and answers. Check the WSCPA blog often for new episodes or subscribe on YouTube.

With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.