Issue In a large number of cases, a class of stock member is being used on the StatementEquityComponentsAxis. The StatementEquityComponentsAxis represents the components of stockholders’ equity and should not include classes of stock. Classes of stock should be identified on the StatementClassOfStockAxis. Recommendation If a company has common stock and the common stock is comprised […more]
Issue From EDGAR Filer Manual Volume II version 20: 6.6.30 Invert the sign of a numeric fact whose element has an xbrli:balance value that is inconsistent with the true direction of the reporting concept being reported. Often, this means entering a negative value into the instance, irrespective of whether that negative value will subsequently be […more]
Issue There has been some confusion as to the difference between the ParentCompanyMember and the ParentMember. These two elements are distinct and defined as follows: ParentCompanyMember: The parent company member is the concept used to refer to the actual holding company (A separate legal entity), which is the consolidating entity on a stand-alone basis (i.e., […more]
Issue In some cases, we have noticed that the PreferredStockMember is used as a class of stock on the StatementClassOfStockAxis, and is absent from the StatementEquityComponentsAxis. The StatementEquityComponentAxis represents the components of stockholders’ equity and should include preferred stock, if it exists. Recommendation When defining the statement of shareholders’ equity, members that are defined on […more]
Issue The parent company member should only be used to record the financial details of the parent holding company. A reporting entity could either report the value of the consolidated entity or the financials of the holding company as a standalone entity. In a number of cases, we have identified entities that have reported the […more]
Issue Depending on the filer, restatements of opening shareholders’ equity is being handled in a number of different ways. In the example below, a company has adjusted their opening balance. We have seen this handled in a number of different ways. Concentrating on the Retained earnings, the following approaches have been observed. Approach 1 The […more]
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