Thursday, March 30. 2023
FASB Proposes GAAP Taxonomy Improvements for Proposed ASU for Income Tax Disclosures
The Financial Accounting Standards Board (FASB) has published GAAP Taxonomy Improvements for a proposed Accounting Standards Update (ASU) concerning income tax disclosures.
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FASB Releases ASU for Investments in Tax Credit Structures
On March 29th, the Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) titled “Topic 323, Investments—Equity Method and Joint Ventures: Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method”. The ASU is a consensus of the FASB’s Emerging Issues Task Force (EITF).
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XBRL US Offers Free Online Learning Modules
XBRL US is offering free online learning modules for those interested in brief introductions to the fundamentals of the open data exchange standard for business reporting and XULE, an open-source syntax created to help developers benefit from XBRL without restructuring the foundation of their technology infrastructure.
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