FASB Disaggregation of Income Statement Expenses

FASB has issued new guidance (Subtopic 220-40) requiring public business entities to break out key expense details on the income statement.

Topics:

You May be Interested in

TXCPA Launches Government Shutdown Resource Page
Explore TXCPA’s Government Shutdown Resources page for IRS updates, advocacy efforts and guidance on potential impacts to CPAs and their clients.
New Additional Pathway Rules Adopted by State Board
The Texas State Board of Public Accountancy adopted rules for a new CPA licensure pathway under Senate Bill 262. Starting Aug. 1, 2026, candidates may qualify with a bachelor’s degree, two years’ experience and the CPA exam.
FASB ASU Environmental Credits and Environmental Credit Obligations (Topic 818)
TXCPA’s Professional Standards Committee submitted comments to FASB on Environmental Credits (Topic 818), supporting guidance but raising concerns on liability recognition, fair value measurement, and balance sheet presentation.