2015 GAAP taxonomies are now in effect for XBRL

The Financial Accounting Standards Board (FASB) today announced that the SEC has officially adopted the 2015 GAAP Financial Reporting Taxonomy. Vintage fleXBRL Complete and Command clients can be working with the new taxonomies ASAP. The SEC is slating the removal of the 2013 US GAAP taxonomy in June 2015. The transition will be effortless but financial reporting teams need to be mindful of any changes.

mindthegaapOur Vintage XBRL Accountants will be guiding clients for their next XBRL filing.

In the meantime, if you’d like to learn more, FASB is offering an educational webinar:

IN FOCUS: 2015 GAAP Financial Reporting Taxonomy, Changes and Beyond, Taxonomy Implementation Guides, and SEC Update

  • Thursday, April 2, 2015, from
  • 1:00 to 2:15 p.m. ET
  • REGISTER HERE

The webinar is free and it seems that CPE credits may be offered.

Lastly, we’ve updated our “Shopping” checklist for switching to an XBRL SaaS: Complete portal solution v. software only one-sheet. You can get it from this page 

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