5.6 Impracticability

The entity-wide disclosure requirements in ASC 280-10-50-40 for products and services, and those in ASC 280-10-50-41 for geographic information, include an impracticability exception. If, after careful consideration, an entity determines that providing the disclosures would be impracticable, an entity should disclose that fact. However, while the SEC staff has accepted registrants’ assertions of impracticability, use of the exception is expected to be unusual and infrequent. Accordingly, an entity should have a reasonable basis for asserting that the disclosures are impracticable and should periodically reassess this assertion.