The Financial Accounting Standards Board proposed a 2018
The proposed
Both taxonomies use Extensible Business Reporting Language, or XBRL, technology to allow data tagging of the various fields so financial information can be more easily compared across companies and industries. FASB is asking for written comments on both taxonomies by Oct. 31, 2017.
FASB is hosting a live CPE webinar on the taxonomies on Tuesday, Oct. 3, 2017, from 1 p.m. to 2:30 p.m. ET. Participants in the live broadcast will be eligible for up to 1.8 hours of CPE credit, although CPE credit isn’t available for group viewing of the live broadcast. For more information,
The taxonomies are expected to be accepted as final by the SEC in early 2018.