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ASU 2024-03: Disaggregation of Income Statement Expenses

Nov 08, 2024 · 1 min read

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On November 04, 2024, the FASB issued Accounting Standards Update (ASU) 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires public business entities (PBEs) to disclose, in interim and annual reporting periods, additional information about certain expenses in the notes to financial statements. The requirements of ASU 2024-03 apply to all PBEs. The requirements do not apply to the following entities:

  • Private companies (An entity other than a PBE, a not-for-profit (NFP)

Download the CPEA Alert - November 2024 - ASU 2024-03 Disaggregation of Income Statement Expenses

File name: cpea-alert-november-2024-asu-2024-03-disaggregation-of-income-statement-expenses.pdf

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