Proposed ASU 2017-210 — Inventory (Topic 330)—Disclosure Framework—Changes to the Disclosure Requirements for Inventory

The amendments in this proposed Update would add disclosure requirements for inventory, including changes in inventory that are not related to the ordinary course of manufacturing, purchasing, or selling inventory and disaggregating inventory by major components and measurement bases, among others. Entities that report some or all of their inventory using the retail inventory method (RIM) also would be required to provide qualitative and quantitative information about the critical assumptions used in the calculation of inventory under the RIM. In addition, entities that are subject to disclosing segment information in Topic 280, Segment Reporting, would be required to disclose, in both annual and interim periods, inventory by reportable segment and by component for each reportable segment to the extent that information is regularly provided to the chief operating decision maker.

For more information, see the following:

Issued: January 10, 2017

Comments Due: March 13, 2017

The Exposure Draft identifies the Codification Sections that may be changed upon issuance of this guidance.

• 330-10-30-1
• 330-10-50-1
• 330-10-55-1
• 330-10-65-1
• 270-10-50-1
• 280-10-50-1
• 280-10-55-1