Status: draft

The 2018 U.S. Financial Reporting Taxonomy (Taxonomy) contains updates for accounting standards and other improvements since the 2017 Taxonomy as used by issuers filing with the U.S. Securities and Exchange Commission (SEC). During a 60-day comment period that concluded October 31, 2017, FASB encouraged all interested parties to review and provide feedback on these updates from users of the Taxonomy and also advises SEC filers, service providers, software vendors, and other interested parties.

U.S. Financial Reporting Taxonomy release details

Namespace (all elements): http://xbrl.fasb.org/us-gaap/2018

Recommended Namespace Prefix: us-gaap
Core schema and standard labels: http://xbrl.fasb.org/us-gaap/draft/elts/us-gaap-std-draft-2018-01-31.xsd  

Essentials

2018 Shared Reporting Taxonomy

This taxonomy contains elements to meet SEC requirements for financial schedules required by the SEC, condensed consolidating financial information for guarantors, and disclosures about oil and gas producing activities. The SRT also includes dimensional elements that have broad applicability to financial reporting requirements.

The proposed 2018 SRT contains elements of the GAAP Financial Reporting Taxonomy needed by International Financial Reporting Standards (IFRS) filers for U.S. Securities and Exchange Commission-specific disclosure requirements. This will eliminate the need for these filers to import the GAAP Financial Reporting Taxonomy.

Shared Reporting Taxonomy release details

Namespace (all elements): http://xbrl.fasb.org/us-gaap/2018

Recommended Namespace Prefix: us-gaap
Core schema and standard labels: http://xbrl.fasb.org/srt/draft/elts/srt-std-draft-2018-01-31.xsd

Essentials