The SEC's Division of Economic and Risk Analysis (DERA) has observed that filers are using tags associated with accrual items related to operating activities as presentation child elements on certain Forms 10-K and 10-Q and has offered guidance to more correctly tag these items.
DERA has determined that this practice affects the following parent elements:
Filers should examine their Statement of Cash Flows to be sure each accrual item related to operating activities is appropriately categorized as a presentation child element of NetCashProvidedByUsedInOperatingActivities or NetCashProvidedByUsedInOperatingActivitiesContinuingOperations. For additional information on these elements, follow the links and view the documentation in the US GAAP Financial Reporting taxonomy. For more data quality reminders, see Staff Observations, Guidance, and Trends on the SEC’s website.
Source:
Operating Activities Presentation Child Elements Incorrectly Using Tags for Investing Activities and Financing Activities as Presentation Parent Elements (sec.gov)
