On July 31, 2023, FASB issued an exposure draft that would require public business entities to disclose additional detailed information—on an annual and interim basis—about the types of expenses (including inventory and manufacturing expense, employee compensation, depreciation, and amortization) included within commonly presented expense line items—cost of sales, selling general and administrative, and research and development. Comments are requested by October 30, 2023. This article provides details on the draft.
If you have questions or need assistance, please reach out to a professional at Forvis Mazars or submit the Contact Us form below.