The Financial Accounting Standards Board (FASB) has unveiled the proposed 2014 US GAAP Financial Reporting Taxonomy, which is comprised of updates for the accounting standards and other improvements to the official XBRL taxonomy for US-listed public companies aka: those who need to comply with the SEC. It is assumed that the approved changes will go in effect in Q1 2014.
Interested XBRL-denizens have until October 30th to comment on the taxonomy. You may comment on the FASB website.
To help understand the proposed changes, FASB is providing a free webinar. You should attend.
IN FOCUS: Proposed 2014 US GAAP Financial Reporting Taxonomy, ASU Taxonomy Changes, XBRL Implementation Guides, and Revised Calculation Hierarchy.
- Louis Matherne, FASB Chief of Taxonomy Development
- Donna Johaneman, FASB Project Manager-XBRL
- David Shaw, FASB XBRL Assistant Project Manager
- Vickie Lusniak, FASB XBRL Assistant Project Manager
- Kimberly Earle, Office of Interactive Data, U.S. Securities and Exchange Commission
Vintage Filings recommends you attend this webinar.
Have a great day.