FASB Enhances Disclosure Requirements Related to Supplier Finance Programs
FASB Enhances Disclosure Requirements Related to Supplier Finance
September 30, 2022
The FASB has issued Accounting Standards Update (ASU) No. 2022-04, Disclosure of
Supplier Finance Program Obligations. Under the ASU, the buyer in a supplier
finance program must disclose information about the key terms of the program,
outstanding confirmed amounts as of the end of the period, a rollforward of such amounts
during each annual period, and a description of where outstanding amounts are presented
in the financial statements.
For more information, see the press
release on the FASB’s Web site.