EBA corrects reporting taxonomies
The European Banking Authority (EBA) has published an erratum for the technical package on its reporting framework 3.0 phase 2.
Items tagged with "Taxonomy"
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FASB fact sheet brings XBRL into focus
The US Financial Accounting Standards Board (FASB) has produced a new fact sheet in its ‘FASB in Focus’ series, titled ‘XBRL: What is it? Why the FASB? Who uses it?.’ It’s a great introduction to XBRL and digital reporting, particularly from the US perspective.
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FERC taxonomy update and extended deadlines
The US Federal Energy Regulatory Commission (FERC) is continuing its trailblazing transition to XBRL-based reporting for energy utilities. It has announced that on 15 April 2021 the XBRL taxonomies, validation rules, and rendering files needed for the rollout will be updated to Release 1.5, and will be available in its Yeti viewer.
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SEC updates EDGAR to support 2021 taxonomies
Following its adoption of this year’s updated taxonomies from the US Financial Accounting Standards Board (FASB), the Securities and Exchange Commission (SEC) has updated EDGAR, its Electronic Data Gathering, Analysis, and Retrieval system.
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The IFRS Taxonomy 2021 is here!
The International Financial Reporting Standards (IFRS) Foundation has published the IFRS Taxonomy 2021. This year’s changes include three IFRS Updates that reflect amended IFRS Standards to support changes in reporting around specific issues.
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SEC adopts FASB’s 2021 XBRL taxonomies
In another annual taxonomy refresh, the US Financial Accounting Standards Board (FASB) has confirmed that the Securities and Exchange Commission (SEC) has approved its 2021 GAAP Financial Reporting Taxonomy (GRT) and 2021 SEC Reporting Taxonomy (SRT), together known as the ‘US GAAP Taxonomy.’
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EBA releases XBRL taxonomies for framework v3.0
The European Banking Authority (EBA) has published phase 2 of its reporting framework v3.0.
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SASB XBRL Taxonomy now available for comment
The Sustainability Accounting Standards Board (SASB) has published its new SASB XBRL Taxonomy, now out for public comment. We encourage all with an interest in XBRL and the future of Environmental, Social, and Governance (ESG) reporting to submit feedback by 3 May 2021.
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FASB consults on XBRL improvements for business combinations
In the US, the Financial Accounting Standards Board is seeking feedback on its proposed Accounting Standards Update (ASU) on ‘Business Combinations: Accounting for Contract Assets and Contract Liabilities from Contracts with Customers’ – and specifically on attendant amendments to the US GAAP Financial Reporting Taxonomy.
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Reusing taxonomies? Guidance now available
“Reusing an existing taxonomy” – does that make you think of software developers simply using preexisting functions from libraries? Think again! In fact, there is much more to it than recycling code.
