On November 14, 2024, the Financial Accounting Standards Board (FASB) issued an Invitation to Comment (ITC) on Financial Key Performance Indicators (KPIs) for Business Entities. This ITC is part of the FASB’s ongoing research project focused on KPIs, aiming to gather feedback on potential standard-setting in this area.

The need for this ITC emerged from previous outreach efforts, including the 2021 Invitation to Comment Agenda Consultation. During that consultation, stakeholders offered mixed feedback on the importance and feasibility of a project on Financial KPIs. While investors frequently identified Financial KPIs as a high-priority area, preparers rarely cited it as a priority, reflecting differing views on the significance and scope of the perceived issues.

The FASB is now seeking additional feedback to better understand whether a project on Financial KPIs should be added to its technical agenda and, if so, what the objectives of such a project should be. Comments are due by April 30, 2025.

SCACPA is excited to partner with Galasso Learning Solutions and the Genuine Learning Blog for real-time A&A updates and answers for SCACPA members.

Jaclyn Veno, CPA, holds both a bachelor’s and a master’s degree in accounting from Clemson University. Before joining Galasso Learning Solutions, she held previous positions in auditing with two top 10 CPA firms. Jaclyn has extensive experience developing both staff and interns including working with overseas staff. She holds certificates in adult learning, instructional design, and training & facilitation as well as virtual learning theory from the Association for Talent Development (ATD).

Invitation to Comment – Financial Key Performance Indicators for Business Entities

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