The IASB and FASB require companies to provide expanded about their contractual obligations.

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Both the IASB (International Accounting Standards Board) and FASB (Financial Accounting Standards Board) require companies to provide expanded disclosures about their contractual obligations in their financial statements. This is to provide investors and stakeholders with a better understanding of a company's financial obligations and potential future cash outflows.

The IASB and FASB Require Companies to Provide Expanded About