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Financial Reporting Developments - Disaggregation of income statement expenses


Overview

Our new FRD publication on the FASB’s standard on the disaggregation of income statement expenses includes an overview and our current understanding of the disclosure requirements in Accounting Standards Update 2024-03. The guidance is effective for public business entities for fiscal years beginning after 15 December 2026, and interim periods within fiscal years beginning after 15 December 2027.

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