Monday, August 21. 2023
SEC Issues Findings on Tagging Allowance for Credit Loss Write-Offs and Credit Quality Indicator in Notes to the Financial Statements
The SECs Division of Economic and Risk Analysis (DERA) has announced that it has concluded its assessment of the way filers are tagging write-offs for their credit quality indicator disclosures in their Form 10-K and their allowance for credit loss. The assessment was conducted only on those filers that have financing receivables and follow Accounting Standards Codification (ASC), Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures, a set of accounting standards that modernized the way entities measure credit losses on financial instruments published by the Financial Accounting Standards Board (FASB) in March 2022.
Continue reading "SEC Issues Findings on Tagging Allowance for..." »
Monday, July 03. 2023
SEC Offers Guidance Regarding Correct Usage of Operating Activities Presentation Child Elements Tags for Investing Activities and Financing Activities as Presentation Parent Elements
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.
Continue reading "SEC Offers Guidance Regarding Correct Usage of..." »
FASB Staff Issues Proposed GAAP Taxonomy Improvements for a Proposed ASU to Enhance the Accounting for Purchased Financial Assets
The Financial Accounting Standards Board (FASB) staff has published GAAP Taxonomy Improvements for a proposed Accounting Standards Update (ASU), which addresses stakeholder concerns regarding comparability and complexity related to purchased financial assets.
Continue reading "FASB Staff Issues Proposed GAAP Taxonomy..." »
Monday, June 26. 2023
SEC Issues June 2023 XBRL Taxonomies Update
On June 20th, the SEC updated the EDGAR system to Release 23.2, and the system now supports multiple new XBRL taxonomies, including the 2023 version of the International Financial Reporting Standards (IFRS) taxonomy, the Resource Extraction Payments (RXP) taxonomy, and the Open-End Fund (OEF) taxonomy. These taxonomies are now also supported in the GoFiler Suite.
Continue reading "SEC Issues June 2023 XBRL Taxonomies Update" »
Posted by LeAnn Dey
in EDGAR News, GoFiler Updates, IASB News, IFRS Taxonomy, SEC, US GAAP Taxonomy
at
17:10
Tuesday, May 23. 2023
SEC Releases New Draft EDGAR Filer Manual for EDGAR 23.2
The SEC has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 66). This draft Volume II of the EDGAR Filer Manual is accessible to filers in anticipation of feedback and to help issuers prepare for potential updates to the EDGAR system detailed in the draft and scheduled to be introduced in EDGAR Release 23.2 on June 20, 2023.
Continue reading "SEC Releases New Draft EDGAR Filer Manual for..." »
Posted by LeAnn Dey
in EDGAR News, IFRS Taxonomy, Novaworks News, SEC, US GAAP Taxonomy, XBRL
at
16:20
Wednesday, May 17. 2023
FASB Releases Proposal to Clarify Accounting Guidance Regarding Profits Interest Awards
On May 11th, the Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) designed to enhance generally accepted accounting principles (GAAP) by including illustrative guidance to help entities determine whether profits interest and similar awards should be considered a share-based payment arrangement within the scope of Topic 718, Compensation—Stock Compensation. The FASB is inviting interested parties to submit feedback on the proposed update.
Continue reading "FASB Releases Proposal to Clarify Accounting..." »
Thursday, March 30. 2023
FASB Proposes GAAP Taxonomy Improvements for Proposed ASU for Income Tax Disclosures
The Financial Accounting Standards Board (FASB) has published GAAP Taxonomy Improvements for a proposed Accounting Standards Update (ASU) concerning income tax disclosures.
Continue reading "FASB Proposes GAAP Taxonomy Improvements for..." »
FASB Releases ASU for Investments in Tax Credit Structures
On March 29th, the Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) titled “Topic 323, Investments—Equity Method and Joint Ventures: Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method”. The ASU is a consensus of the FASB’s Emerging Issues Task Force (EITF).
Continue reading "FASB Releases ASU for Investments in Tax Credit..." »
XBRL US Offers Free Online Learning Modules
XBRL US is offering free online learning modules for those interested in brief introductions to the fundamentals of the open data exchange standard for business reporting and XULE, an open-source syntax created to help developers benefit from XBRL without restructuring the foundation of their technology infrastructure.
Continue reading "XBRL US Offers Free Online Learning Modules" »
Wednesday, March 29. 2023
FASB Proposes GAAP Taxonomy Improvements for Proposed ASU Regarding Disclosure of Crypto Assets
The Financial Accounting Standards Board (FASB) has published proposed GAAP Taxonomy Improvements for a proposed Accounting Standards Update (ASU).
Continue reading "FASB Proposes GAAP Taxonomy Improvements for..." »
Thursday, March 23. 2023
SEC Issues 2023 XBRL Taxonomies Update
On March 20, 2023, the SEC upgraded the EDGAR system to Release 23.1. The system now supports the 2023 reporting taxonomies. The SEC does not anticipate the removal of the 2021 versions of any taxonomies to occur before June 2023. For more information and a complete list of supported standard taxonomies, visit the Standard Taxonomies webpage on sec.gov.
Continue reading "SEC Issues 2023 XBRL Taxonomies Update" »
Posted by LeAnn Dey
in EDGAR News, FASB News, GoFiler Updates, IFRS Taxonomy, SEC, US GAAP Taxonomy
at
15:46
Tuesday, March 21. 2023
FASB to Host Webinar on 2023 GAAP/SRT and Enhancements to SEC Reporting Taxonomy
The Financial Accounting Standards Board (FASB) will host a webinar to discuss improvements made to both the 2023 GAAP Financial Reporting Taxonomy for recently published FASB Accounting Standards Updates and the 2023 SEC Reporting Taxonomy (SRT). The improvements made were based on the 2023 Taxonomy Releases, which included compiled feedback and internal analysis. The 90-minute webinar will take place on Tuesday, April 11, 2023 and will begin at 1:00 p.m. ET. {expires: 2023-04-12}
Continue reading "FASB to Host Webinar on 2023 GAAP/SRT and..." »
Posted by LeAnn Dey
in Accounting, Data Quality Committee, Events, FASB News, SEC, SEC Filing Help, US GAAP Taxonomy
at
17:35
Friday, March 17. 2023
EDGAR Release 23.1
The SEC has announced that EDGAR 23.1 will occur on March 20, 2023.
Continue reading "EDGAR Release 23.1" »
Continue reading "EDGAR Release 23.1" »
Tuesday, March 07. 2023
SEC Releases New Draft EDGAR Filer Manual for EDGAR 23.1
The SEC has announced that it has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 65). This draft Volume II of the EDGAR Filer Manual is accessible to filers in anticipation of feedback, and to help issuers prepare for potential modifications to the EDGAR system detailed in the draft and scheduled to be implemented in EDGAR Release 23.1 on March 20, 2023.
Continue reading "SEC Releases New Draft EDGAR Filer Manual for..." »
Tuesday, February 21. 2023
FASB Proposes GAAP Taxonomy Reference Style Guide, Solicits Feedback
On February 15th, the Financial Accounting Standards Board (FASB) published a proposed GAAP Taxonomy Reference Style Guide and updated the GAAP Frequently Asked Questions (FAQ) section to include new guidance on tagging.
Continue reading "FASB Proposes GAAP Taxonomy Reference Style..." »
(Page 1 of 6, totaling 87 entries)
next page »