Proposed Taxonomy Improvements to Impact Leases and Nonprofit Entities

July 23, 2018

Financial Accounting Standards Board (“FASB”) staff members have issued proposed Taxonomy improvements to the following Accounting Standards Updates (“ASU”):

  • ASU No. 2018-09, Codification Improvements: Comments on the proposed amendments are due Tuesday, August 14.
  • ASU No. 2018-10, Codification Improvements to Topic 842, Leases: Comments on the proposed amendments are due Friday, August 17.

FASB staff also proposed Taxonomy improvements for the Proposed ASU, Not-for-Profit Entities (Topic 958): Updating the Definition of Collections. Comments are due Friday, August 10.

All comments on the proposed Taxonomy improvements must be emailed to