AICPA AND XBRL US PLAN CERTIFICATE PROGRAM
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Austin, Texas -- The American Institute of CPAs is teaming up with XBRL US to develop a certificate program focused on U.S. GAAP reporting in the Extensible Business Reporting Language format.
Public companies are now required to use the data-tagged XBRL file format when filing their financial statements with the Securities and Exchange Commission. The certificate program that the AICPA and XBRL plan to produce will require students to complete approximately 30 hours of online coursework.
The program is designed for public company accountants, third-party accountants that work with public companies, and employees of XBRL consultants and service providers. The U.S. GAAP XBRL taxonomy is now maintained by the Financial Accounting Standards Board.
The content for the certificate program was developed by XBRL US, the AICPA and FASB, in addition to various accounting firms and XBRL tool and service providers. The certificate will be delivered in an online format by the AICPA. CPE credit will be available for all modules. The program is scheduled to launch in the first quarter of next year.
For more on the program, visit www.cpa2biz.com/xbrlcertificate.
FASB PREVIEWS NEW U.S. GAAP XBRL TAXONOMY
Norwalk, Conn. -- The Financial Accounting Standards Board made available its proposed 2013 U.S. GAAP Financial Reporting Taxonomy in XBRL format for public review and comment in early September. The taxonomy is a list of computer-readable financial reporting labels coded in XBRL. The proposed taxonomy contains updates for accounting standards and other recommended improvements to the official taxonomy, which is used by public issuers registered with the Securities and Exchange Commission.
The deadline for written comments is Oct. 29, 2012. The 2013 taxonomy is expected to be finalized and published in early 2013. The proposed taxonomy and instructions on how to submit comments are available at FASB's XBRL page.