Novaworks Weblog - US GAAP Taxonomy

FASB to Discuss 2026 GAAP and SEC Reporting Taxonomy Improvements,SEC Update

nospam@example.com (LeAnn Dey) — Tue, 07 Apr 2026 11:00:00 -0400

The Financial Accounting Standards Board (FASB) will host a webinar to discuss 2026 GAAP and SEC reporting taxonomy improvements and an SEC data quality update. The event will take place on Tuesday, April 14, 2026, beginning at 1:00 p.m. Eastern. Continue reading "FASB to Discuss 2026 GAAP and SEC Reporting Taxonomy Improvements,SEC Update"

EDGAR Release 26.1

nospam@example.com (LeAnn Dey) — Mon, 16 Mar 2026 13:30:00 -0400

On March 16, 2026, EDGAR Release 26.1 implemented updates to the EDGAR Filing Website. Continue reading "EDGAR Release 26.1"

XBRL US to Host Webinar on Data Quality Rules in US GAAP Taxonomy 2026

nospam@example.com (LeAnn Dey) — Wed, 12 Nov 2025 10:30:00 -0500

XBRL US will hold a webinar that will focus on data quality rules related to US GAAP Taxonomy 2026. The webinar will take place on Wednesday, November 19, 2025, beginning at 3:00 p.m. Eastern. The event is free and open to the public, though registration is required. Continue reading "XBRL US to Host Webinar on Data Quality Rules in US GAAP Taxonomy 2026"

FASB Issues Proposed GAAP Taxonomy Improvements for Proposed ASU on Paid-in-Kind Dividends on Equity-Classified Preferred Stock, Solicits Feedback

nospam@example.com (LeAnn Dey) — Wed, 08 Oct 2025 15:30:00 -0400

On September 30th, the Financial Accounting Standards Board (FASB) published proposed GAAP Taxonomy Improvements for the proposed Accounting Standards Update (ASU), Equity (Topic 505): Initial Measurement of Paid-in-Kind Dividends on Equity-Classified Preferred Stock. The proposed update was released both to provide authoritative guidance on how issuers should initially measure all aspects of the ASU and to allow for public review and comment. Continue reading "FASB Issues Proposed GAAP Taxonomy Improvements for Proposed ASU on Paid-in-Kind Dividends on Equity-Classified Preferred Stock, Solicits Feedback"

FASB Releases Proposed Improvements for 2026 US GAAP Taxonomy

nospam@example.com (LeAnn Dey) — Tue, 07 Oct 2025 09:30:00 -0400

On September 30th, the Financial Accounting Standards Board (FASB) staff issued proposed technical and other conforming improvements for the 2026 GAAP Financial Reporting Taxonomy and the related release notes for public review and comment. Continue reading "FASB Releases Proposed Improvements for 2026 US GAAP Taxonomy"

FASB Publishes Proposed Taxonomy Implementation Guide for Disaggregation of Income Statement Expenses

nospam@example.com (LeAnn Dey) — Thu, 07 Aug 2025 14:25:00 -0400

On July 28th, the Financial Accounting Standards Board (FASB) issued the proposed Taxonomy Implementation Guide, Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which is based on the 2025 GAAP Financial Reporting Taxonomy. The proposed guide demonstrates the framework for the reporting of the disaggregation of income statement expenses in accordance with the FASB Accounting Standards Codification Subtopic 220-40. The guide is comprised of examples and solely focuses on detail tagging (Level 4). Continue reading "FASB Publishes Proposed Taxonomy Implementation Guide for Disaggregation of Income Statement Expenses"

SEC Publishes Guidance Regarding Incomplete and Inappropriate Tagging for Business Development Companies’ Schedule of Investments

nospam@example.com (LeAnn Dey) — Fri, 27 Jun 2025 11:00:00 -0400

The SEC's Office of Structured Disclosure reminds the financial reporting community that Rule 405(e) of Regulation S-T provides guidance for tagging requirements for financial statement schedules, which includes a fund's Schedule of Investments (SOI), under rules 12-12, 12-13, 12-13A through 13D, and 12-14 of Regulation S-X. Accordingly, a Business Development Company (BDC) is required to tag its SOI in compliance with the tagging requirements in Rule 405(e) of Regulation S-T. Continue reading "SEC Publishes Guidance Regarding Incomplete and Inappropriate Tagging for Business Development Companies’ Schedule of Investments"

SEC Issues EDGAR 25.2 Release XBRL Taxonomies Update

nospam@example.com (LeAnn Dey) — Tue, 17 Jun 2025 14:20:00 -0400

On June 16th, the EDGAR system was upgraded to Release 25.2, which now supports the 2025 version of the International Financial Reporting Standards (IFRS) taxonomy. The 2025 version of the IFRS taxonomy is the same taxonomy version that the International Accounting Standards Board made available on March 27, 2025. Continue reading "SEC Issues EDGAR 25.2 Release XBRL Taxonomies Update"

SEC Publishes US GAAP–XBRL Custom Tags Trend for Fiscal Years 2022-2024

nospam@example.com (LeAnn Dey) — Wed, 11 Jun 2025 15:45:00 -0400

On June 2nd, the SEC's Division of Economic and Risk Analysis (DERA) published an analysis of custom tags used in XBRL filings submitted by issuers to comply with the 2009 Interactive Data tagging rules that require financial statement information to be reported in XBRL, a structured, machine-readable format. DERA observed trends in filers' use of custom tags in their XBRL exhibits submitted in Forms 10-K and 10-K/A using US GAAP for fiscal years 2022 through 2024. The analysis of these forms indicates a decrease in average custom tag rate for filings across all filer status, while the large accelerated filer category rate remained flat during that period. Continue reading "SEC Publishes US GAAP–XBRL Custom Tags Trend for Fiscal Years 2022-2024"

SEC Staff to Hold Investor Advisory Committee Meeting

nospam@example.com (LeAnn Dey) — Wed, 28 May 2025 11:30:00 -0400

The SEC's Investor Advisory Committee will hold an open meeting via live webcast on sec.gov that will take place on Thursday, June 5, 2025, from 10:00 a.m. to 4:45 p.m. ET. The meeting is free and open for the public to attend. The meeting will cover committee matters, including subcommittee reports and approval of previous meeting minutes. Continue reading " SEC Staff to Hold Investor Advisory Committee Meeting"

XBRL US Issues Version 27 of DQC Rules, Solicits Comment

nospam@example.com (LeAnn Dey) — Fri, 09 May 2025 10:00:00 -0400

The XBRL US Center for Data Quality has published Version 27 of DQC rules and guidance for public review and comment. The release includes seven automated checks and rule updates for filers using the US GAAP and IFRS taxonomies from Tuesday, April 14, 2025, through Saturday, May 31, 2025. Continue reading "XBRL US Issues Version 27 of DQC Rules, Solicits Comment"

FASB Issues Proposal to Enhance Accounting for Debt Exchanges

nospam@example.com (LeAnn Dey) — Tue, 06 May 2025 16:30:00 -0400

On April 30th, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would provide accounting guidance for debt exchange transactions with multiple creditors. The proposed ASU is based on a recommendation of the Emerging Issues Task Force (EITF), which aids the FASB in improving financial reporting through the timely identification, discussion, and resolution of financial accounting issues within the framework of the FASB Accounting Standards Codification. Continue reading "FASB Issues Proposal to Enhance Accounting for Debt Exchanges"

XBRL Announces Webinar on 2025 Meta Model Improvements

nospam@example.com (LeAnn Dey) — Mon, 14 Apr 2025 09:59:00 -0400

The Financial Accounting Standards Board (FASB) will host an XBRL US webinar that will provide an overview of the 2025 Meta Model improvements. The session is tailored for accountants, developers, technologists, and data/analytics providers who would like to leverage the relationships within the US GAAP Taxonomy to improve their work. The webinar will take place on Wednesday, May 21, 2025, from 3:00 p.m. to 4:00 p.m. EST via Zoom. The event is free and open to the public, though registration is required. Continue reading "XBRL Announces Webinar on 2025 Meta Model Improvements"

FASB to Discuss 2025 GAAP and SEC Reporting Taxonomy Improvements

nospam@example.com (LeAnn Dey) — Wed, 05 Mar 2025 14:06:00 -0500

The Financial Accounting Standards Board (FASB) will host a webinar to discuss 2025 GAAP and SEC reporting taxonomy improvements and an SEC data quality update. The event will take place on Tuesday, April 8, 2025, beginning at 1:00 p.m. (ET). Continue reading "FASB to Discuss 2025 GAAP and SEC Reporting Taxonomy Improvements"

FASB Publishes Proposed Taxonomy Implementation Guides on Accounting Changes and Segments, Solicits Feedback

nospam@example.com (LeAnn Dey) — Tue, 04 Feb 2025 11:26:00 -0500

On January 27th, the Financial Accounting Standards Board (FASB) issued two proposed Taxonomy Implementation Guides based on the 2025 GAAP Financial Reporting Taxonomy, which was made available in December 2024 pending SEC approval. These guides focus on the accounting changes and segment reporting following the adoption of Accounting Standards Update 2023-07 (ASU). Continue reading "FASB Publishes Proposed Taxonomy Implementation Guides on Accounting Changes and Segments, Solicits Feedback"