The Securities and Exchange Commission announced that the IFRS Foundation has published a proposed update to the IFRS Taxonomy 2020 for public comment. The taxonomy updates address topics including earnings per share, employee benefits expenses and share-based payment expenses, as well as the effect of changes in foreign exchange rates. Comments should be sent directly […more]
XBRL US Members can request our latest Type 2 SOC II for January 1, 2021 – July 31, 2021 (email membership@xbrl.us) XBRL US Membership helps public utilities reporting to FERC improve the quality of their financials, stay informed, and have the confidence that they’re preparing their XBRL financials appropriately. This annual Membership gives everyone at […more]
Certain axes in the IFRS taxonomy should only have certain members, otherwise consumption of the data is adversely impacted because the resulting axis and member combinations are nonsensical. This guidance provides limitations on the use of certain axis and member combinations that should be adhered to when tagging financial information using the IFRS Taxonomy.
Check out the resources we’re making available, including a list of FERC-enabled products and services from XBRL US Members.
FASB Staff Issues Proposed XBRL US DQC Rules Taxonomy and Accompanying Technical Guide The Financial Accounting Standards Board (FASB) staff recently issued for comment the following: Proposed XBRL US DQC Rules Taxonomy (DQCRT) Proposed Technical Guide Proposed SEC Reporting Taxonomy (SRT) Technical Guide The comment period on the proposed DQCRT and the proposed accompanying Technical […more]
September, 2020 College Of DuPage leads move to electronic financial reporting for Illinois community colleges. The forward-thinking college worked with XBRL US to prepare their own financial statements in XBRL format, using the CAFR Taxonomy, and plans to create a data repository containing electronic financials for other Illinois-based community colleges. Oakton Community College, based in […more]
Attend this 50 minute webinar for an in-depth review of how to prepare XBRL-formatted annual and quarterly FERC Forms 6 and 6-Q, in compliance with new FERC disclosure requirements that start in 2021. Learn what to expect from a vendor, questions to ask, processes to put in place internally, and lessons learned from other XBRL […more]
Attend this 50 minute webinar for an in-depth review of how to prepare XBRL-formatted annual and quarterly FERC Forms 2, 2-A, and 3-Q natural gas, in compliance with new FERC disclosure requirements that start in 2021. Learn what to expect from a vendor, questions to ask, processes to put in place internally, and lessons learned […more]
Attend this 50 minute webinar for an in-depth review of how to prepare XBRL-formatted annual and quarterly FERC Forms 1, and 3-Q for electric utilities, in compliance with new FERC disclosure requirements that start in 2021. Learn what to expect from a vendor, questions to ask, processes to put in place internally, and lessons learned […more]
August, 2020 The Financial Accounting Standards Board (FASB) published EE 2.0 impact on XBRL service providers and software. The impact study, called Extensible Enumerations 2.0 Implementation Impact on Service Providers and XBRL Creation Software – Are You Ready?, addresses the implementation of this new XBRL International technical specification in the 2021 US GAAP Taxonomy. Providers […more]
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