KPMG reports on FASB ASU 2017-07, which amends ASC 715. The FASB ASU requires a company to present service cost separately from the other components of net benefit cost.
Effective date:
Annual periods – Fiscal years beginning after
Interim periods – In fiscal years beginning after
Public business entities
Dec. 15, 2017
Dec. 15, 2017
All other entities
Dec. 15, 2018
Dec.15, 2019
Early adoption allowed?
Yes, at the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance.
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