FASB Discusses Financial Performance Reporting

At its April 24, 2019, meeting, the FASB discussed its project on financial performance reporting, specifically the portion of the project dedicated to disaggregation of performance information.

The Board discussed an “internal view approach” in which the objective is “to disaggregate income statement expense information based on how management internally views consolidated expenses.” No decisions were made, but the Board directed its staff to begin outreach efforts related to this topic.

For more information, see the tentative Board decisions on the FASB’s Web site.