The Financial Accounting Standards Board recently proposed a new Accounting Standards Update designed, they say, to improve financial reporting.

The new proposed standards consist of three main parts:

• Disclosing expected cash flow obligations in a table, segregated by their expected maturities. No need, however, to include the reporting organization’s financial assets.
• Providing your available liquid funds in a table, including unencumbered cash, high quality liquid assets and borrowing availability.
• Offering additional quantitative or narrative disclosure of your exposure or liquidity risk.

Note: The FASB is proposing additional requirement for financial institutions.

To see the proposed standards, go here.