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FASB proposes concept statement on presentation

  • FASB document Image

Aug 11, 2016

The FASB has issued an exposure draft (ED), “Concepts Statement 8 — Conceptual Framework for Financial Reporting, Chapter 7: Presentation.”

The ED “describes proposed concepts related to presenting information about items that have been recognized in a financial statement,” such as how to group items into financial statement line items and subtotals. Com­ments on the ED are due by November 9, 2016.

For more in­for­ma­tion, see the press release, FASB in Focus newsletter, and ED on the FASB’s Web site.

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