Rule ID: DQC_0171 for US GAAP - comment period closes December 31, 2023.
View: as part of public exposure version v23/docs/DQ || Return to current approved version.


Rule function

This rule identifies where the filer has reported ASU 201613 Transition elements in the filing. The rule will flag fact values with an end date greater than 2023-09-30 using one of these elements. These elements are identified in the US-GAAP taxonomy as descendants of the element Asu201613TransitionAbstract. The rule however makes an exception for the following elements that can continue to be used:

  • FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1,
  • FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment,
  • ImpairedFinancingReceivableAverageRecordedInvestment,
  • ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment,
  • HeldToMaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions

Problem solved by the rule

The rule ensures that filers update the values associated with these elements in prior filings with the elements that are relevant in 2024.

Example rule message

The element ImpairedFinancingReceivableRelatedAllowance with a value of 345,000 has been used in the filing. This element was transitioned as part of ASU201613. Replace this element with a valid element from the US GAAP taxonomy.

The properties of this ImpairedFinancingReceivableRelatedAllowance fact are:

Period: 2023-12-31
Dimensions:
Unit: USD

Rule Element ID: 10104
Rule version: 23.0.0RC1

For Developers

The Global Rule Logic document contains general guidelines for implementation of rules.

The rule message template contains text and parametric reference to arguments of the rule operation, using the syntax ${parameter} to indicate that insertion of a parameter’s value is to occur.

Message template

The element {$TransFact.concept.name} with a value of {$TransFact} has been used in the filing. This element was transitioned as part of ASU201613. Replace this element with a valid element from the US GAAP taxonomy.

The properties of this {$TransFact.concept.name} fact are:

Period: {$TransFact.period}
Dimensions: {$TransFact.dimensions.join(', ','=')}
Unit: {$TransFact.unit}

Rule Element ID: {$ruleId}
Rule version: {$ruleVersion}

Test Case Index

The rule element id is used to identify unique elements or combinations of elements tested in the rule.

Rule Element ID Element
DQC.US.0171.10104 Transition Elements


View: as part of public exposure version v23/docs/DQ || Return to current approved version.