Issue In the 2012 Taxonomy, the accumulated gains and losses on Available-for-Sale and Held-to-Maturity securities had the elements representing accumulated gains as a debit amount and accumulated losses as a credit amount. In 2013, these balance attributes were changed to reflect the amounts of unrealized gain or loss for AOCI for Available-for-Sale securities. As a […more]
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 There are a number of notional concepts for derivative contracts defined in the US GAAP taxonomy. The notional amount is the face value of a derivative contract. Companies typically report the notional amount of a contract in their financial statements if they have either purchased or sold a derivative contract. The notional amount will […more]
Issue A number of companies have questioned the balance attribute on the net income (loss) attributable to non-controlling interests. NetIncomeLossAttributableToNoncontrollingInterest. The US GAAP taxonomy defines Non-Controlling Interest income as a debit balance. This reflects the balance that was used in the past for minority interests. The balance type reflects that this item is a reversal […more]
Issued: 4/27/12
Impact: All US GAAP
Company Extension Taxonomy
This guidance is archived. See Components of Roll Forwards with Income and Expense Items for updated Best Practice Guidance. Issue In a number of cases the balance type of an element defined in the taxonomy is inconsistent with its definition. For example an element representing a gain for a durational period is defined with a debit balance […more]
Issue Filers have created a number of extension elements related to various financial reporting threshold percentage concepts. These concepts can pertain to different disclosure topics (accounting policy, income tax, segment reporting, pension and etc.). Below is a list of common concepts along with underlying disclosure: Threshold for ASC 740 income tax recognition for uncertain tax […more]
Issue Some LLC companies present the ownership units on DEI as follows: Example 1: Example 2: Recommendation When LLC companies present DEI in this format, the EntityCommonStockSharesOutstanding element should not be tagged. If the presentation is described as in Example 1 above, an extension element MembershipInterestsDescription should be created with a data type of stringItemType […more]
Issue For disclosures related to non-controlling interests, there are a number of cases where companies either choose the more generic item (includes non-controlling interest) versus the more specific or narrow item (excludes non-controlling interest). It would be preferable that companies use the same tags if they do not have non-controlling interests. The following items were […more]
Issue What concept should be used to represent Income (Loss) from Continuing Operations before Taxes when modeling an income statement if income from equity method investments does not exist? Should the filer use “Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Non-controlling Interest, Total” or should they use “Income (Loss) from Continuing Operations […more]
A number of companies have created duplicate elements for pension-related transactions, such as benefits paid. The element DefinedBenefitPlanBenefitsPaid reduces the pension obligation. It also reduces the fair value of pension plan assets. This item is defined in the taxonomy as a debit item to reflect the reduction in pension obligation. As a result, a number […more]
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