CAPITAL ONE FINANCIAL CORP
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
COF$201.87-1.0%Stored close · as of Nov 6, 2026
Contents
Accounting Changes and Developments
Accounting Standards Issued but Not Adopted as of September 30, 2024
| Standard | Guidance | Adoption Timing and Financial Statement Impacts |
|---|---|---|
| Income Tax DisclosuresAccounting Standards Update (“ASU”) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax DisclosuresIssued December 2023 | Requires entities to annually provide additional information in the income tax rate reconciliation and make additional disclosures about income taxes paid. | Effective beginning with our annual period ending on December 31, 2025, with early adoption permitted. Prospective application is required and retrospective application is also permitted.We plan to adopt this standard for the above annual period and to apply the new requirements prospectively. We expect such adoption to result in additional information being included in our income tax footnote and consolidated statements of cash flows. |
| Segment Reporting DisclosuresASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment DisclosuresIssued November 2023 | Requires disclosure of incremental segment information on an annual and interim basis. | Effective beginning with our annual period ending on December 31, 2024 and interim periods within fiscal years beginning January 1, 2025, with early adoption permitted. Retrospective application is required.We plan to adopt this standard for the above annual period and to apply the new requirements retrospectively. We are still assessing the extent of the impacts of adoption to the disclosures in our business segment footnote. |
| 33 | Capital One Financial Corporation (COF) |
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