Bloomberg Tax
Oct. 21, 2020, 3:55 PM UTCUpdated: Oct. 21, 2020, 8:23 PM UTC

Companies Could Be Required to Reveal Complex Financing Details (1)

Nicola M. White
Nicola M. White
Reporter

All U.S. companies may have to disclose the same kinds of details securities regulators forced the likes of Coca Cola Co., The Boeing Co. and Procter & Gamble Co. to reveal about increasingly common—and complex—financing tools.

The Financial Accounting Standards Board voted 5-2 on Wednesday to draw up potential requirements for companies to disclose the terms of their supply chain financing programs. Such arrangements help companies stretch out the payments they make to their suppliers but businesses rarely say they use the programs, despite how much they rely on them.

“We know there’s a lot more entities using ...

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