On April 9, 2019, the Securities and Exchange Commission posted to the Federal Register a proposal to require the use of structured data for: Business Development Companies (BDC) submitting financial statement information using Inline XBRL; BDCs and closed end funds (CEF) to include structured covered page information in their registration statements on Form N-2 using […more]
News from XBRL International
- GLEIF Leaps into the Digital Future with LEI Digital Certificates and Inline XBRL - May 24, 2019
- GLEIF Annual Report Demonstrates ESEF Taxonomy, InDesign Conversion - May 24, 2019
- Worldwide shift to ISO20022 a vital step for Payments Infrastructure - May 24, 2019
- Defining Taxonomy Labels? Guidance now available - May 24, 2019
- Japanese TCFD Consortium Launched - May 24, 2019
- SEC Interactive Data Test Suite Update 51d-190523 - May 23, 2019
- Draft 2019 DEI Taxonomy - May 16, 2019
- New Data Sets available on DERA Data Library - May 7, 2019
- Proposed Update to 2020 U.S. GAAP Financial Reporting Taxonomy – Income Taxes (Topic 740) - May 1, 2019
- XBRL Taxonomy Update, March 11, 2019 - March 12, 2019
From the Federal Register
- Amendments to Financial Disclosures About Acquired and Disposed Businesses - May 28, 2019
- Securities Offering Reform for Closed-End Investment Companies - April 10, 2019
- FAST Act Modernization and Simplification of Regulation S-K - April 2, 2019
- Adoption of Updated EDGAR Filer Manual - April 1, 2019
- Inquiry Regarding the Commission's Electric Transmission Incentives Policy - March 28, 2019
In this issue:
- Our newest masterclass video is here.
- Where the spending goes.
- Adventures in taxes and net income.
- Taxes, Part II: trends in payments.
- Big movers in goodwill, intangible assets.
The Data Quality Committee – a collaborative of public companies, providers and data users working to improve standardized financial reporting – updated version 8 of freely-available rules and guidance in April, 2019. Several tools are certified for implementation of the approved rules.
In March 2019, the SEC adopted final amendments to its rules which expand the XBRL tagging requirement to Form 8-K filings. And it’s not just for selected Form 8-K filings; it’s for all of them. Form 8-K is the interim report that companies must file with the SEC to announce major events that shareholders should […more]
On March 28, 2019, the Federal Energy Regulatory Commission (FERC) published a proposal, “Inquiry Regarding the Commission’s Electric Transmission Incentives Policy” regarding Form 730, Report of Transmission Investment Activity. This report contains data about actual and projected electric transmission capital spending. One of the questions raised in the proposal is: Should the Commission upgrade the […more]
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.
On March 21, 2019, XBRL US submitted a comment letter responding to the SEC proposal, Request for Comment on Earnings Releases and Quarterly Reports stating our support for quarterly filing. Quarterly reporting is beneficial to investors, other data consumers, and to reporting entities. The earnings announcement and the Form 10-Q are very different documents, and […more]
On March 20, the SEC finalized the FAST Act Simplification and Modernization of Regulation S-K Rule which includes a requirement for registrants to tag all cover page data in Inline XBRL. The objective of this section of the rule is to “further enhance investors’ use of interactive data to identify, count, sort, compare, and analyze […more]
In this issue: SEC Staff to Hold Spring Fintech Forum on Distributed Ledger Technology and Digital Assets SEC Fee Rate Advisory #2 for Fiscal Year 2019 SEC Releases EDGAR 19.1
On March 13, 2019, XBRL US submitted a comment letter responding to the SEC proposal, Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts, File Number S7-23-18. Variable annuities represent a $96 billion industry, according to LIMRA Secure Retirement Institute (2017 figures)*. XBRL US supports the Commission proposal to require reporting […more]