Big Companies Push Back on Proposed Expansion of Disclosure on Expenses ...Middle East

Oct. 31, 2023 12:47 pm ET Executives at large public companies are concerned about the Financial Accounting Standards Board’s plan requiring them to further break down labor and other operating expenses that appear on their income statements, with some saying it would impose significant costs and not aid their investors. The U.S. accounting standard-setter in July issued a proposal that mandated quarterly disclosure of the amounts of employee compensation, depreciation of property and equipment, amortization of intangible assets such as trademarks, and inventory expenses in the footnotes further clarifying the income-statement entries. Copyright ©2023 Dow Jo

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