1.1 Element Selection

Issued: 7/26/13

Impact: All US GAAP

Company Extension Taxonomy

1.1.10 Common Stock Value Issued

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]


1.1 Element Selection

Issued: 7/26/13

Impact: All US GAAP

Company Extension Taxonomy

1.1.4 Tagging No Par

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]


1.4 Calculations

Issued: 4/26/13

Impact: All US GAAP

Company Extension Taxonomy

1.4.3 Calculations without Interim Aggregations

Issue In some disclosures, the nature of a defined calculation cannot be defined in a single calculation relationship. Below is an excerpt of the table which shows the problem. In this case, the company does not disclose the concept – Total Long-Term Debt NET of unamortized discount, gross. The balance attributes of each of these […more]


1.3 Axis Selection archived

Issued: 4/26/13

Impact: All US GAAP

Company Extension Taxonomy

1.3.5 Defined Contribution Axis

This guidance is archived. Issue The taxonomy contains elements for defined contributions plans.  However, there is no specific axis for companies to break down multiple defined contribution plans. As an alternative, companies break their plans down using existing axes in the taxonomy that are not appropriate.  Specifically, some companies use the axis DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis, AwardTypeAxis, or  […more]


1.1 Element Selection

Issued: 4/26/13

Impact: All US GAAP

Company Extension Taxonomy

1.1.21 Combined Statutory Tax Rate

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]


1.1 Element Selection

Issued: 3/8/13

Impact: 2013 US GAAP

Company Extension Taxonomy

1.1.20 Gains and Losses on Investments

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]


1.1 Element Selection

Issued: 3/8/13

Impact: All US GAAP

Company Extension Taxonomy

1.1.19 Components of Stockholders’ Equity and Class of Stock

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]


1.1 Element Selection

Issued: 11/30/12

Impact: All US GAAP

Company Extension Taxonomy

1.1.17 Notional Amounts

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]


1.1 Element Selection

Issued: 7/27/12

Impact: All US GAAP

Company Extension Taxonomy

1.1.16 Net Income Attributable to Non-Controlling Interests

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]


1.7 Extension Taxonomy

Issued: 6/29/12

Impact: All US GAAP

Company Extension Taxonomy

1.7.1 Removal of Unused Elements from the Company Extension

Issue A large proportion of filer time is spent removing and adding elements between 10-Q and 10-K filings. A number of advisors are recommending that unused elements and disclosure groups be removed when not in use in a filing. In subsequent filings, such as the 10-K, these removed elements should be added back. A number […more]