Heads Up — FASB issues ASU requiring enhanced disclosures about supplier finance programs

Published on: 30 Sep 2022

This Heads Up discusses the FASB’s newly issued Accounting Standards Update (ASU) No. 2022-04, which requires the buyer in a supplier finance program to disclose information about the key terms of the program, outstanding confirmed amounts as of the end of the period, a rollforward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented. The amendments in the ASU are effective for all entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the disclosure of rollforward information, which is effective for fiscal years beginning after December 15, 2023. Early adoption is permitted.


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