The Financial Accounting Standards Board has released a new implementation guide for the Extensible Business Reporting Language. This guide, the fifth in a series, focuses on modeling other comprehensive income transactions in XBRL.

U.S. GAAP Financial Reporting Taxonomy Implementation Guide—Other Comprehensive Income (OCI) will be available at the FASB Web site for a 60-day comment period.

The purpose of the guide is to demonstrate the modeling of OCI transactions focusing on changes in and the reclassification out of accumulated OCI. It also provides an overview of OCI elements and their attributes.

The examples in the guide offer examples of common disclosure presentations in each of the specified areas, but are not meant to be exclusive.

The U.S. GAAP Taxonomy is a list of computer-readable tags in XBRL that allows companies to tag precisely the thousands of pieces of financial data that are included in typical long-form financial statements and related footnote disclosures. The tags allow computers to automatically search for, assemble, and process data so it can be readily accessed and analyzed by investors, analysts, journalists, and regulators. 

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