All GAAP Taxonomy articles
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Article
SEC requires shift to integrated XBRL filing
A new requirement for companies to adopt some new XBRL technology will produce different levels of compliance burden depending on how companies are complying now.
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Blog
SEC requires companies to move filings to inline XBRL
The SEC will require companies to integrate their XBRL and static financial statement data into a single filing beginning in 2019 for the largest entities.
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Blog
FASB issues guides on revenue, consolidations
FASB staff issued two new implementation guides to help companies navigate the GAAP taxonomy in the areas of revenue recognition and consolidations.
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Blog
SEC answers questions on XBRL for IFRS filers
Foreign private issuers who file their financial statements following IFRS are getting some helpful tips from the SEC on how to do so in XBRL.
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Blog
SEC approves updated and new taxonomies for XBRL filings
The SEC has approved both the 2018 GAAP Financial Reporting Taxonomy and a new SEC Reporting Taxonomy that companies need to use to complete XBRL filings.
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Blog
FASB proposes updated, new taxonomies for 2018
FASB has completed its annual update to the GAAP taxonomy and has added a new taxonomy for companies to consider addressing international standards.
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Blog
FASB asks for ideas to make GAAP Taxonomy easier to use
Companies that have struggled with navigating the U.S. GAAP Taxonomy to complete their XBRL filings will want to weigh in on the effort to make it more useable.
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Article
Can inline XBRL save XBRL? Or at least improve data quality?
Slow progress in shifting financial statement data to the digital realm may be getting a boost, but the clock is ticking for proponents show the real benefits of XBRL.
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Blog
SEC proposes requiring inline XBRL, provides IFRS taxonomy
The SEC has taken steps to advance the use and accuracy of digital financial statement data, proposing required use of inline XBRL and providing IFRS taxonomy.
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Blog
Taxonomy changes focus on helping consumers interpret data
FASB’s proposed 2017 U.S. GAAP Financial Reporting Taxonomy contains some changes that are meant to address concerns of users of XBRL-tagged financial statement data. Tammy Whitehouse has more.
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Blog
SEC staff call out custom axis tag use in XBRL filings
The SEC is advising companies to take a careful look at their use of axis tags in their XBRL filings. The SEC has been studying corporate filings from 2013 to 2015 in the “XBRL format looking for problems that lead to data quality concerns, with axis tags being one such ...
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Blog
2016 GAAP Taxonomy Ready for Use, Pending SEC Approval
FASB has released its final update of the 2016 GAAP Financial Reporting Taxonomy, pending acceptance by the SEC, to allow public companies to prepare to use it to complete their XBRL filings. The annual update allows FASB staff to make the taxonomy easier to navigate and more effective in reflecting ...
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Blog
FASB Explains Changes to 2016 GAAP Taxonomy
FASB has issued notes explaining the changes to the proposed 2016 XBRL taxonomy, including simplifying the income statement and the presentation of debt issuance costs, among other changes. “While some of these changes may impact a significant number of filers, the feedback received from constituents was to eliminate inconsistencies and ...