Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Company Segment Expense Details Poised to Be Required Quarterly

May 12, 2021, 5:59 PM

Companies should have to provide new, more detailed disclosures about their segment operating expenses on a quarterly basis, not just once a year, U.S. accounting rulemakers voted unanimously.

The Financial Accounting Standards Board is developing long-awaited rules for companies to reveal more details about expenses by operating segment. Wednesday’s vote was one more step toward making the requirements a reality.

“We’ve heard from investors, dating all the way back to 1997,” FASB member Christine Botosan said, “that segment information needs to be provided more frequently than annually in order to be useful.” ...