FASB Seeks Feedback
In a recent update by the Financial Accounting Standards Board (FASB) to their Implementation Guide Series for the U.S GAAP Taxonomy, FASB staff have now issued a new proposed taxonomy guide for revenue from contracts with customers.
The implementation guide provides examples to help users of the taxonomy understand how modeling, revenues and costs are structured within the taxonomy. Interested parties are welcome to submit comments to the FASB team. The comment period for the Guide related to Revenue ends on May 30, 2018 and comments can be sent to firstname.lastname@example.org.
Here you can find FASB Proposed Taxonomy Implementation Guide