Article
FASB Finalizes ASU to Disaggregate Income Statement Expenses
November 7, 2024ArticleFASB Finalizes ASU to Disaggregate Income Statement Expenses
November 7, 2024Based on investor and other constituent feedback requests for more information about income statement expenses, the Financial Accounting Standards Board (FASB) introduced guidance requiring expanded disclosures for public business entities (as defined in U.S. GAAP) about specific income statement expenses in Accounting Standards Update (ASU) No. 2024-03: Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.
