2019 US GAAP Financial and SEC Reporting Taxonomies
The 2019 GAAP Financial Reporting Taxonomy contains updates for accounting standards and other recommended improvements. The 2019 SRT contains updates for the SEC’s authoritative literature in which the underlying recognition and measurement are not specified by GAAP and dimensional elements whose underlying recognition and measurement are not specified by GAAP but that are elements used by GAAP filers.
FASB FAQ updated for 2019 US GAAP
The Financial Accounting Standards Board (FASB) Staff recently issued an update to the Frequently Asked Questions about the U.S. GAAP Financial Reporting Taxonomy (FAQ) to include new guidance for preparers on addressing the deprecation of the “Report Date [Axis]” (CreationDateAxis) with the 2019 Taxonomy Update. The FAQ is available on the FASB website.
FASB IN FOCUS: 2019 and SEC Reporting Taxonomy Improvements and SEC Update
Topics of discussion will include: An update from the SEC staff Discussion of the application of the Taxonomy for Accounting Standards Updates (ASUs) that are effective this year: Leases Share-Based Compensation Improvements to the 2019 Taxonomy for: New ASUs Revenue Implementation Guides including an Inline XBRL version for select guides. Speakers: Louis Matherne, FASB Chief […more]
FASB Taxonomy – Calls for Comment
Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. FASB Staff Issues Proposed Taxonomy Improvements for Proposed Accounting Standards Updates […more]
FASB Taxonomy – Calls for Comment
Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. FASB Staff Issues Proposed Taxonomy Improvements for Proposed Accounting Standards Updates […more]
FASB Taxonomy – Call for Comment
Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. FASB Staff Issues Proposed Taxonomy Improvements for Proposed Accounting Standards Update […more]
FASB Taxonomy – Call for Comment
Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. FASB Staff Issues Proposed Taxonomy Improvements for Proposed Accounting Standards Update […more]
FASB Taxonomy – Calls for Comment
Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. Proposed Taxonomy Implementation Guide, Financing Receivable and Current Expected Credit Loss […more]
FASB Taxonomy – Call for Comment
Process Improvement Effective January 1, 2018, proposed Taxonomy Improvements to this Accounting Standards Update will have a formal comment period concurrent with the issuance of the Accounting Standards Update. This replaces the past practice of an annual 60-day comment period on the entire Taxonomy. Proposed Taxonomy Improvements for Accounting Standards Update No. 2016-13, Financial Instruments—Credit […more]
