FASB, IASB look to enhance presentations of financial statements.

• Position: MAP Survey:

As the move toward convergence of accounting standards continues, the International Accounting Standards Board and FASB published for public comment Preliminary Views on Financial Statement Presentation that would establish a standard to guide the organization and presentation of information in financial statements and improve how companies communicate financial statement information to financial statement users.

Specifically, the boards are aiming to introduce cohesiveness and disaggregation as the two main objectives for...