In the News – Eye on the FASB’s simplification initiative
$225.00
Description
Abstract: Many borrowers and lenders are frustrated with the complexity of financial reporting. In response, the FASB has launched a simplification initiative to reduce narrow, confusing areas of GAAP. This article describes some recent changes to the reporting requirements for development stage entities and extraordinary items, as well as ongoing projects to simplify inventory measurements and reduce “disclosure overload.”
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