The Financial Accounting Standards Board made available the first in a series of implementation guides Monday to help users of its U.S. GAAP Financial Reporting Taxonomy understand how disclosures are structured with Extensible Business Reporting Language, or XBRL, technology.
The initial implementation guide is for the subsequent events standard. The purpose of the guide is to demonstrate the modeling for disclosures required about events occurring subsequent to the end of a public company’s reporting period. The modeling has been completed using the elements in FASB’s U.S. GAAP Taxonomy. The examples are not intended to encompass all of the potential modeling configurations or to dictate the appearance and structure of a company’s XBRL documents.
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