FASB Release 2019 Taxonomy

Posted on December 22, 2018 by Editor

The Financial Accounting Standards Board (FASB) earlier this week announced that the 2019 GAAP Financial Reporting Taxonomy and 2019 SEC Reporting Taxonomy (SRT) are both available.

The GAAP Financial Reporting Taxonomy contains updates for accounting standards and other recommended improvements.

The 2019 SRT contains elements necessary to meet SEC requirements for financial schedules, condensed consolidating financial information for guarantors, and oil and gas disclosures.

Read more here or click through to view the 2019 GAAP Financial Reporting Taxonomy and 2019 SRT. SEC acceptance is pending for both, expected early 2019.

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