FASB Requests Feedback on Financial KPIs for Business Entities

The FASB has published an invitation to comment (ITC) that requests feedback on key performance indicators (KPIs) for business entities as part of the Board’s research project on that topic. The ITC defines a KPI as “any financial measure that is calculated or derived from the financial statements and/or underlying accounting records that is not presented in the GAAP financial statements.” Specific topics the FASB is seeking input on include (1) whether and, if so, which financial KPIs should be standardized and (2) whether an entity should be required or permitted to disclose financial KPIs in its financial statements under U.S. GAAP.

For more information, see the press release on the FASB’s Web site.