Bloomberg Tax
May 25, 2023, 2:56 PM

Disclose Supplier Finance Details, Global Rulemaker Orders Firms

Michael Kapoor
Michael Kapoor
Freelance Correspondent

Global standard setters issued new rules Thursday requiring companies to disclose details about financing that lets them stretch out payments to suppliers.

The International Accounting Standards Boards said that the new accounting rules for supplier finance would kick in from fiscal year 2024. The launch date was set over previous objections from some members that countries wouldn’t have enough time to prepare for their use, and—starting next year—companies must spell out details such as the terms of their supplier finance arrangements in the notes to the accounts.

“The new disclosure requirements will make visible a company’s usage of supplier ...

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