Businesses Struggle With Corporate Expense Reporting Timeline

The head of accounting policy at Boeing Co. urged US rulewriters to allow more time to break down how major costs affect corporate income under upcoming financial disclosure guidelines.

“It’s taking us a lot of time to really reach out to all of the appropriate people within the organization, to really understand what can we pull from transaction-level detail,” said Melinda Henbest, the director of accounting policy at the aerospace giant.

Henbest joined other business executives, accounting firm leaders, and investors Wednesday at a Financial Accounting Standards Board roundtable in Norwalk, Conn. The conversation focused on accounting rules that ...