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2020 FASB Taxonomy Implementation Guides

March 26, 2020

The Financial Accounting Standards Board (FASB) has published 2020 FASB Taxonomy Implementation Guides (Guides) at https://www.fasb.org/cs/ContentServer?c=Page&cid=1176160665046&d=&pagename=FASB%2FPage%2FSectionPage&mc_cid=9d5ccd7580&mc_eid=baac3dba13.

The Guides offer filers insight on the application of the U.S. GAAP financial reporting taxonomy to financial statements and notes disclosures on the following topics:

  1. Accounting Changes
  2. Financing Receivable and Current Expected Credit Loss Disclosures
  3. Insurance—Long-Duration Contracts
  4. Leases under Topic 842
  5. Retirement Benefits—Phase 3
  6. Revenue from Contracts with Customers (Including Statement Presentation of Revenue and Cost of Revenue).
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