FASB Issues Six Taxonomy Implementation Guides
March 20, 2020
The FASB has issued final taxonomy implementation guides on the following topics:
- Accounting changes.
- Disclosures about financing receivables and current expected credit losses.
- Insurance — long-duration contracts.
- Leases under ASC 842.
- Retirement benefits — phase 3.
- Revenue from contracts with customers (including statement presentation of revenue and cost of revenue).
For more information, see the taxonomy implementation page on the FASB’s Web site.