Issue The roll forward of the pension plan assets for level 3 reconciles between the opening plan assets less any sales of the assets plus any purchases. Payments of benefits are not included in this roll forward as the sale of the plan assets is used to pay the benefits. However, there are no elements […more]
Issue Every filing will contain a number of roll-forwards. We have seen very high error rates in these disclosures when reported in XBRL. One of the most common errors is in the cash flow statement where companies report the change in cash balances over a period. In a number of cases, companies report an increase/decrease […more]
Issue The element DefinedBenefitPlanActuarialGainLoss appears in the roll forward of the benefit obligation. An actuarial gain will decrease the obligation and an actuarial loss will increase the obligation. In the US GAAP taxonomy, this element is represented as an addition to the obligation. Therefore, any gains could be entered as a negative and any losses […more]
Issue When performing level 3 tagging of table text blocks the situation often arises where the table textblock includes a table that could be represented by 2 existing taxonomy elements. For example if a company combined finite and indefinite disclosures in a single table would it be possible for the filer to tag the one […more]
Issue A large number of filings are using inappropriate signs for the elements: ExcessTaxBenefitFromShareBasedCompensationOperatingActivities and ExcessTaxBenefitFromShareBasedCompensationFinancingActivities Both of these elements should be entered as positive amounts. The first element represents the exclusion of recognized excess tax benefits generated from the exercise of stock options from Operating Activities pursuant to GAAP reporting requirements. The second element […more]
Issued: 7/26/13
Impact: 2012 US GAAP, 2011 US GAAP, 2009 US GAAP
Company Extension Taxonomy
Issue A number of companies have temporary equity in the form of redeemable equity to non-controlling interests. As part of the US GAAP income statement, there are elements to represent net income attributable to non-controlling interests and income attributable to the consolidated entity and, in 2013, aggregate tags to represent Net Income attributable to redeemable […more]
Issued: 7/26/13
Impact: 2011 US GAAP, 2009 US GAAP
Company Extension Taxonomy
Issue We have had a number of requests from data consumers to retrieve information related to the undistributed earnings of foreign subsidiaries that are intended to be permanently reinvested offshore. This information is required to be reported if a company has unremitted foreign earnings that have not been reported as a deferred tax liability. There […more]
Issue In the example below, a company reports common stock and does not have any treasury stock. There have been varied practices with respect to tagging this line item: Some filers choose Alternative 1: Element: CommonStockValue Documentation: Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option […more]
Issue In an analysis of filings last quarter, it was observed there is a difference in how a number of registrants define and tag “no par.” There are three common approaches that were identified: Approach 1: Tagging the fact with the element CommonStockNoParValue and a value of 0. Approach 2: Tagging the fact with the […more]
Issue In a number of cases, companies combine the federal and provincial state rates as a starting point for the tax reconciliation. Figure 16. Tax Reconciliation However, the US GAAP taxonomy reconciliation starts with the federal tax rate. In these cases, should the filer create an extension element for the combined rates and also create […more]
The national consortium for
the business reporting standard
