The 2023 GAAP Financial Reporting Taxonomy (GRT) contains updates for accounting standards, Data Quality Committee Rules and other improvements since the 2022 Taxonomy as used by issuers filing with the U.S. Securities and Exchange Commission (SEC).
The 2022 Q3 Supplemental GAAP Taxonomy which is made up of improvements to the GAAP Financial Reporting Taxonomy and the SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”) includes improvements for the U.S. Securities and Exchange Commission (SEC) Release Nos. 33–10771; 34–88606; IC–33836. That release requires that a business development company submit financial […more]
The Financial Accounting Standards Board (FASB) today announced the availability of the 2023 GAAP Financial Reporting Taxonomy (GRT) and the 2023 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”). The FASB also is making available the 2023 DQC Rules Taxonomy (DQCRT), which together with the GAAP Taxonomy, are collectively referred to as the “FASB Taxonomies.” The 2023 GRT […more]
The Financial Accounting Standards Board (FASB) has issued for comment proposed GAAP Taxonomy Improvements to address the proposed Accounting Standards Update on accounting for leases between entities under common control: Leases (Topic 842) – Common Control Arrangements. Comments must be submitted by January 26, 2023. Read the release notes. Read the announcement for information on […more]
The Financial Accounting Standards Board (FASB) staff recently issued a proposed Taxonomy Implementation Guide (Guide) based on the proposed 2023 GAAP Financial Reporting Taxonomy (Taxonomy) that is pending SEC acceptance and is subject to change until published as final. The proposed Guide, Financial Services—Investment Companies (Including SEC S-X Schedules for Business Development Companies, includes examples […more]
The Financial Accounting Standards Board (FASB) issued for comment proposed improvements for the 2023 GAAP Financial Reporting Reference Project. The comment period ends on November 17, 2022. Read the Release Notes. Interested parties may provide comments on the proposed improvements by sending their comments to xbrled@fasb.org or by sending written comments to “Chief of Taxonomy […more]
The Financial Accounting Standards Board (FASB) issued an Invitation to Comment on Proposed Meta Model Relationships which is out for public review until January 10, 2023. The proposed relationships are intended to communicate accounting model relationships in XBRL that can help preparers identify the right tag, data users in consuming data, and in writing business […more]
The Financial Accounting Standards Board (FASB) issued release notes describing the proposed policy election element relationships that will be provided in the GAAP Taxonomy. The goal is to provide relationships in the taxonomy to assist preparers to identify policy elements for consumption of the data, and to write business rules that assist with proper element […more]
The Financial Accounting Standards Board (FASB) announced the start of a public review period for proposed technical and other conforming improvements for the 2023 GAAP Financial Reporting Taxonomy. The comment period is set to close on November 3, 2022. Read the Announcement with information on how to submit comments: FASB Staff Issues Proposed Technical Improvements […more]
The Financial Accounting Standards Board (FASB) announced the start of a public review period for the proposed 2023 DQC Rules Taxonomy (DQCRT) which adds the following DQC Rules: • DQC 0013: Negative Values with Dependence • DQC 0015: Negative Values • DQC 0047: Calculation Descendants with No Balance Type • DQC 0053: Excluded Members from […more]
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