FASB Issues GAAP Taxonomy Improvements and Implementation Guidance
April 16, 2018
The Financial Accounting Standards Board (“FASB”) has issued GAAP Taxonomy improvements and implementation guidance concerning the following Accounting Standards Updates (“ASU”):
- ASU No. 2018-03, Technical Corrections and Improvements to Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities
- ASU No. 2018-04, Investments—Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273 (SEC Update)
- ASU No. 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 (SEC Update)
More on these Taxonomy Improvements is available on FASB.org.