Rule ID: dqc_0181 for US GAAP - this public exposure version was available for comment until May 31, 2024.
View: as part of public exposure version v24/docs/DQ || Return to current approved version.


Rule function

In the 2024 US-GAAP taxonomy, the FASB added 2 new elements: InterestExpenseNonoperating and InterestExpenseOperating. The definition and label changed for the prior element InterestExpense (which is used by almost all companies on the face financials)- this is now represents both operating and non-operating.

These rules help ensure that filers review the usage of the element InterestExpense, and replace it with the more specific operating or non-operating element.

Component 10180

This rule checks if the elements InterestExpense or InterestExpenseOperating are descendants of NonoperatingIncomeExpense in the calculation linkbase of the filer. The elements InterestExpense and InterestExpenseOperating include operating interest expense which should not be included as a component of NonoperatingIncomeExpense. The filer should use the element InterestExpenseNonoperating instead.

Example rule message

The concept InterestExpense is a descendant of NonoperatingIncomeExpense. This element InterestExpense includes operating interest expense which should not be included as a component of NonoperatingIncomeExpense. Select the nonoperating interest expense element InterestExpenseNonoperating instead of InterestExpense.

Rule Element ID: 10180

Component 10181

This rule checks if the elements InterestExpense or InterestExpenseNonoperating are descendants of InterestIncomeExpenseNet in the calculation linkbase of the filer. The elements InterestExpense and InterestExpenseNonoperating include non operating interest expense which should not be included as a component of InterestIncomeExpenseNet. The filer should use the element InterestExpenseOperating instead.

Example rule message

The concept InterestExpenseNonoperating is a descendant of InterestIncomeExpenseNet. This element InterestIncomeExpenseNet represents operating interest income expense net. The element InterestExpenseNonoperating represents non operating interest and should not be included as a component of InterestIncomeExpenseNet. Select the operating interest expense element InterestExpenseOperating instead of InterestExpenseNonoperating.

Rule Element ID: 10181

Component 10182

This rule checks if the elements InterestExpense or InterestExpenseNonoperating are descendants of OperatingExpenses in the calculation linkbase of the filer. The elements InterestExpense and InterestExpenseNonoperating include non operating interest expense which should not be included as a component of OperatingExpenses. The filer should use the element InterestExpenseOperating instead.

Example rule message

The concept InterestExpenseNonoperating is a descendant of OperatingExpenses. The element OperatingExpenses represents operating expenses. The element InterestExpenseNonoperating represents non operating interest and should not be included as a calculation component of OperatingExpenses. Select the operating interest expense element InterestExpenseOperating instead of InterestExpenseNonoperating.

Rule Element ID: 10182

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.

Rule element ID 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.0181.10180 InterestExpense,InterestExpenseOperating
DQC.US.0181.10181 InterestExpense,InterestExpenseNonoperating
DQC.US.0181.10182 InterestExpense,InterestExpenseNonoperating

View: as part of public exposure version v24/docs/DQ || Return to current approved version.