DISE: Implementation, Challenges & Practical Considerations Webinar

To provide CPAs and other finance professionals with a practical understanding of the FASB’s disaggregation of income statement expenses (DISE) requirements, enabling them to evaluate disclosure approaches, assess implementation considerations, and support effective compliance planning.

• Acceptable bases to disaggregate
• Disaggregation basis selection
  – Cost-incurred vs. expense-incurred basis
  – Required categories
  – Examples of existing GAAP disclosures to be integrated
  – Other disclosure requirements
• Example disclosures, implementation challenges, and transition planning considerations:
  – Broad organizational impact
  –  Departments impacted
  – Implementation strategy
  – Anticipated costs

Megan Hearn, Audit Partner, Department of Professional Practice

To provide CPAs and other finance professionals with a practical understanding of the FASB’s disaggregation of income statement expenses (DISE) requirements, enabling them to evaluate disclosure approaches, assess implementation considerations, and support effective compliance planning.

DETAILED LEARNING OBJECTIVES

• Identify the scope, purpose, and key provisions of the FASB's Disaggregation of Income Statement Expenses (DISE) standard

• Recognize the required natural expense categories that must be disclosed within relevant expense captions

• Distinguish between the cost-incurred and expense-incurred bases for inventory-related disclosures

• Determine how purchases of inventory and employee compensation are defined for DISE reporting purposes

• Identify disclosure requirements related to depreciation, amortization, depletion, and DD&A expenses

• Understand how existing GAAP disclosure requirements are integrated into the DISE "one-stop-shop" disclosure table

• Explain additional disclosure requirements, including selling expense disclosures and the use of estimates

• Evaluate implementation considerations, transition requirements, and adoption planning activities associated with DISE
 

• Acceptable bases to disaggregate
• Disaggregation basis selection
  – Cost-incurred vs. expense-incurred basis
  – Required categories
  – Examples of existing GAAP disclosures to be integrated
  – Other disclosure requirements
• Example disclosures, implementation challenges, and transition planning considerations:
  – Broad organizational impact
  –  Departments impacted
  – Implementation strategy
  – Anticipated costs

Megan Hearn, Audit Partner, Department of Professional Practice