FASB Staff Releases Proposed GAAP Taxonomy Implementation Guide on Financial Statement Location Dimensions

The FASB staff has released for public comment a proposed GAAP taxonomy implementation guide, Financial Statement Location Dimensions: A Guide for Preparers. The guide’s purpose “is to describe when and how to use the financial statement location dimensions . . . and what alternative elements should be considered instead of the financial statement location dimensions.”

Comments on the proposed taxonomy implementation guide are due by August 20, 2026.