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FASB discusses disclosure framework

  • FASB meeting Image

Jul 21, 2017

At its July 19, 2017, meeting, the FASB discussed its project on the disclosure framework, including its proposed Concepts Statement “Conceptual Framework for Financial Reporting — Chapter 8, Notes to Financial Statements.”

The Board made tentative decisions related to:

  • The proposed Concepts Statement’s scope.
  • Potential negative consequences of disclosures.
  • Disclosures about line-item changes that are not easily understood.
  • Disclosures about alternative measures that are useful to the assessment of prospects for future cash flows.

For more in­for­ma­tion, see the meeting minutes on the FASB’s Web site.

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