FASB Proposes Improvements to Disclosure Requirements Related to Reportable Segments

The FASB has issued a proposed Accounting Standards Update (ASU), Improvements to Reportable Segment Disclosures. The proposal “would improve the disclosures about a public entity’s reportable segments and address requests from investors and other allocators of capital for additional, more detailed information about a reportable segment’s expenses.”

Comments on the proposed ASU are due by December 20, 2022. For more information, see the press release on the FASB’s Web site.