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To the Point - FASB requires public business entities to disaggregate certain income statement expenses


Overview

Our publication discusses the FASB’s final guidance requiring public business entities to disclose, on an annual and interim basis, disaggregated information about certain income statement expense line items. The guidance is effective for fiscal years beginning after 15 December 2026, and interim periods within fiscal years beginning after 15 December 2027. Early adoption is permitted. Entities are required to apply the guidance prospectively and may apply it retrospectively.

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