FASB Staff Proposes Taxonomy Enhancements Related to Credit Loss Proposal for Private Companies and Certain Not-for-Profit Entities
December 4, 2024
The FASB has released proposed GAAP taxonomy enhancements related to its proposed
Accounting Standards Update Financial Instruments — Credit Losses (Topic 326):
Measurement of Credit Losses for Accounts Receivable and Contract Assets for
Private Companies and Certain Not-for-Profit Entities (see release notes).
Comments on the proposed taxonomy improvements are due by January 17, 2025.