On March 10, the Financial Accounting Standards Board (FASB) continued its deliberations of a principle-based disclosure requirement to report segment expenses that are both regularly provided to the chief operating decision maker (CODM) and included in the reported measure of segment profit or loss. The FASB also discussed additional items, including a reconciliation requirement, the interaction with existing expense disclosures by reportable segment, disclosure of total expenses and other expenses by reportable segment, description of the basis for allocating expenses to segments, and the easily derivable notion for calculating segment expenses from information regularly provided to the CODM.
To learn more about the FASB’s recent decisions on the Segment Reporting Project, the FASB’s technical agenda and how it may impact the real estate industry, attend What’s on the Minds of SEC and FASB Leadership at REITwise on March 23 where FASB Vice Chairman Jim Kroeker will speak.
Contact
Please do not hesitate to contact Nareit's senior vice president for financial standards, Christopher T. Drula (cdrula@nareit.com), or Nareit's senior vice president for financial standards, George L. Yungmann (gyungmann@nareit.com) with any questions that you may have about this alert, or related matters.