Mandatory effective dates and early adoption provisions:
Annual periods – Fiscal years beginning after
December 15, 2019
December 15, 2019
Interim periods – In fiscal years beginning after
December 15, 2019
December 15, 2019
Early adoption allowed?
Yes, for any period for which financial statements have not yet been issued (made available for issuance)
An entity may early adopt any eliminated or modified disclosure requirement and delay adoption of the additional disclosure requirements until their effective date.
Yes, for any period for which financial statements have not yet been issued (made available for issuance)
An entity may early adopt any eliminated or modified disclosure requirement and delay adoption of the additional disclosure requirements until their effective date.
The ASU introduced the following key changes.
Added (not required for nonpublic entities):
Modified:
In addition to the above the ASU amends and removes certain other disclosure requirements.
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