FASB Proposes Financial Services – Investment Companies Taxonomy Implementation Guide
November 15, 2022
The Financial Accounting Standards Board (FASB) staff recently issued a proposed Taxonomy Implementation Guide (Guide) based on the proposed 2023 GAAP Financial Reporting Taxonomy (Taxonomy) that is pending SEC acceptance and is subject to change until published as final. The proposed Guide, Financial Services—Investment Companies (Including SEC S-X Schedules for Business Development Companies, includes examples to help users of the Taxonomy understand how the modeling for the reporting by investment companies is structured within the Taxonomy.
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