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New income tax disclosure requirements – getting ready
This episode provides an overview of new FASB income tax guidance requiring disaggregated information about a reporting entity’s effective tax rate reconciliation as well as income taxes paid. The FASB’s updates are intended to benefit investors by providing more detailed income tax disclosures that may be useful in making capital allocation decisions.
In this episode, we discuss:
0:20 - Background on and an overview of the new guidance
6:50 - Disaggregated rate reconciliation disclosures
26:16 - Disaggregated income taxes paid disclosures
33:15 - Other changes to existing income tax…
The skinny
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