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 In some cases, we have noticed that the PreferredStockMember is used as a class of stock on the StatementClassOfStockAxis, and is absent from the StatementEquityComponentsAxis. The StatementEquityComponentAxis represents the components of stockholders’ equity and should include preferred stock, if it exists. Recommendation When defining the statement of shareholders’ equity, members that are defined on […more]
Issue Filers have expressed concern when tagging multiple classes of stock in the DEI. The documentation label for the element EntityCommonStockSharesOutstanding explictly suggests defining the Class of Stock members on the InstrumentDomain of the EntityListingsInstrumentAxis. This guidance is inconsistent with the EDGAR Filer Manual at 6.5.26, which requires member placement in this scenario on the […more]
The national consortium for
the business reporting standard
