FASB Proposes Taxonomy Changes Related to Topics 326, 815, and 842

The comment period on the proposed taxonomy improvements to the proposed Accounting Standards Update on investments ends on August 30, 2019. The comment period on the proposed taxonomy improvements related to effective dates for certain financial instruments ends on September 16, 2019. The comment period on the proposed taxonomy improvements related to the Accounting Standards Update on codification updates to SEC sections ends on August 28, 2019. The codification updates were proposed under the Accounting Standards Update No. 2019-07 on Codification Updates to SEC Sections/Amendments to the SEC paragraphs pursuant to SEC final rule Release No. 33-10532 on Disclosure Update and Simplification, Release Numbers 33-10231 and 33-10442 on investment company reporting modernization, and miscellaneous updates. 

Related Links

• Notification (PDF)
• Release Notes: Topics 321, 323, and 815 (PDF)
• Release Notes: Effective Dates (PDF)
• Release Notes: SEC Codification Improvements (PDF)

Comment Due Date: August 28, 2019/August 30, 2019/September 16, 2019

Keywords: Americas, US, Banking, Accounting, Securities, Taxonomy, Derivatives and Hedging, Financial Instruments, Accounting Standards Update, CECL, Leases, Hedging, IFRS 9, IFRS 16, Reporting, SEC, FASB