Skip to Primary Navigation

Skip to main content

FASB issues new income statement expense rules for public companies

Female accountant using laptop calculator and documents, charts, graphs in the analysis of the company's profit.
Photo: Getty Images

Julie DiMauro

1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

More information on cost of sales, cost of goods sold, and research and development in reports expected from new rules.

The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that FASB says improves financial reporting and responds to investor input by requiring public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the tabular-style notes to financial statements.

It

, ,