FASB Proposes Taxonomy Changes Related to Topics 848 and 470

These accompanying release notes describe proposed taxonomy improvements that will be required on finalization of the proposed taxonomy improvements for the proposed Accounting Standards Updates on topics 848 and 470. The Financial Accounting Foundation and FASB are responsible for the ongoing development and maintenance of the U.S. GAAP Financial Reporting Taxonomy. As a part of the ongoing development and maintenance of the taxonomy, the Proposed Accounting Standards Updates are reviewed to determine if updates to the taxonomy are needed to meet new or modified financial reporting requirements.

Related Links

• Notification (PDF)
• Release Notes for Topic 848 (PDF)
• Release Notes for Topic 470 (PDF)
  
• Proposed Update on Topic 848 (PDF)
• Proposed Update on Topic 470 (PDF)

Comment Due Date: October 07, 2019 (topic 848)/October 28, 2019 (topic 470)

Keywords: Americas, US, Banking, Insurance, Securities, Accounting, Reference Rate Reforms, Taxonomy, Classification of Debt, Topic 848, Topic 470, Reporting, FASB