Income Statement Disaggregation: ASC 240-40 26-27
2.5 Credits
Member Price $99.00
Non-Member Price $129.00
Overview
The FASB has released Accounting Standards Update (ASU) 2024-03, Income Statement—Reporting Comprehensive Income “Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This Update entails much more detail than the current requirements for public business entities. This Update enhances the disclosures regarding a public business entity’s expenses and addresses investors’ requests for more detailed information about the types of expenses, including inventory purchases, employee compensation, depreciation, amortization, and depletion. These details are provided within commonly presented expense captions such as cost of sales, SG&A, and research and development.
Highlights
- Disclosure - Overview
- Disclosure - Expense Disaggregation
- Implementation Guidance
Prerequisites
None.
Designed For
CPAs, Financial professionals and professional staff dealing with this topic.
Objectives
- Determine the extent of expense disaggregation disclosures necessary.
- Recognize the objective of expense disaggregation disclosures.
- Identify through examples, the expense disaggregation disclosures required.
Preparation
Some knowledge of the topic.
Notice
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.
Non-Member Price $129.00
Member Price $99.00