The Financial Accounting Standards Board (FASB) is organising a public roundtable for 13 December to discuss the proposed Accounting Standards Update (ASU) related to the Income Statement under US GAAP.
In the US, the Financial Accounting Standards Board is seeking feedback on its proposed Accounting Standards Update (ASU) on ‘Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers’ – and specifically on attendant amendments to the US GAAP Financial Reporting Taxonomy.
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