CPEA Alert: ASU 2022-04
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CPEA Alert: ASU 2022-04

Oct 03, 2022 · 214.7 KB Download

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On September 29, 2022, the FASB issued Accounting Standards Update (ASU) 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. ASU 2022-04 requires new disclosures for supplier finance programs, which also may be referred to as reverse factoring, payables finance, or structured payables arrangements. The amendments in ASU 2022-04 require that a buyer in a supplier finance program disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, changes from period to period, and potential magnitude. To achieve that objective, the buyer should disclose qualitative and quantitative information about its supplier finance programs.

Download the CPEA Alert: FASB ASU 2022-04 – Disclosures related to supplier finance programs

File name: 100422 ASU 2022-04 FINAL.pdf

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