Available for public comment is Proposed Accounting Standards Update (“ASU”) No. 2019-400, Compensation-Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements-Share-Based Consideration Payable to a Customer. Issued last month by the Financial Accounting Standards Board (“FASB”), the proposal aims to close a gap in stock compensation guidance concerning which topic to use when share-based consideration is paid to a customer.
Comments on the proposal are due to the FASB on Thursday, April 18. Submit your feedback on the proposal via the FASB website.