If you thought “SG&A” was your safe little black box, FASB just called your bluff. The Financial Accounting Standards Board is rolling out a proposed Accounting Standards Update (ASU) that tells public companies to spill the beans on...
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FASB Raises the Bar on Expense Reporting for Public Companies
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Subscribe14 AUG 2025 / FASB REPORTING
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The Financial Accounting Standards Board (FASB) is implementing a new proposed Accounting Standards Update (ASU) that requires public companies to offer more detailed explanations of their expense categories. The move is aimed at providing investors with greater transparency and facilitating side-by-side comparisons of companies, with a potential impact on how finance teams handle expenses. The changes are expected to come into effect for fiscal years beginning after December 15, 2026.
If you thought “SG&A” was your safe little black box, FASB just called your bluff. The Financial Accounting Standards Board is rolling out a proposed Accounting Standards Update (ASU) that tells public companies to spill the beans on...
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