Monday, June 26. 2023

SEC Issues June 2023 XBRL Taxonomies Update

On June 20th, the SEC updated the EDGAR system to Release 23.2, and the system now supports multiple new XBRL taxonomies, including the 2023 version of the International Financial Reporting Standards (IFRS) taxonomy, the Resource Extraction Payments (RXP) taxonomy, and the Open-End Fund (OEF) taxonomy. These taxonomies are now also supported in the GoFiler Suite. Continue reading "SEC Issues June 2023 XBRL Taxonomies Update" »
Posted by
LeAnn Dey
in EDGAR News, GoFiler Updates, IASB News, IFRS Taxonomy, SEC, US GAAP Taxonomy at 17:10

Tuesday, May 23. 2023

SEC Releases New Draft EDGAR Filer Manual for EDGAR 23.2

The SEC has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 66). This draft Volume II of the EDGAR Filer Manual is accessible to filers in anticipation of feedback and to help issuers prepare for potential updates to the EDGAR system detailed in the draft and scheduled to be introduced in EDGAR Release 23.2 on June 20, 2023. Continue reading "SEC Releases New Draft EDGAR Filer Manual for..." »
Posted by
LeAnn Dey
in EDGAR News, IFRS Taxonomy, Novaworks News, SEC, US GAAP Taxonomy, XBRL at 16:20

Wednesday, May 17. 2023

FASB Releases Proposal to Clarify Accounting Guidance Regarding Profits Interest Awards

On May 11th, the Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) designed to enhance generally accepted accounting principles (GAAP) by including illustrative guidance to help entities determine whether profits interest and similar awards should be considered a share-based payment arrangement within the scope of Topic 718, Compensation—Stock Compensation. The FASB is inviting interested parties to submit feedback on the proposed update. Continue reading "FASB Releases Proposal to Clarify Accounting..." »
Posted by
LeAnn Dey
in FASB News, US GAAP Taxonomy at 13:13

Tuesday, April 25. 2023

Novaworks’ Webinar on Filing Form 714 to the FERC in XBRL Format Now Available for Viewing

On April 19, Novaworks hosted a helpful virtual seminar to show filers in the utilities and energy industries a simple and cost-effective way to prepare and submit Form 714 to the FERC in the required XBRL format. This webinar is now available to view on YouTube.com. Continue reading "Novaworks’ Webinar on Filing Form 714 to the..." »
Posted by
LeAnn Dey
in FERC, Novaworks News, XBRL, XBRLworks Updates at 08:26

Thursday, March 30. 2023

FASB Proposes GAAP Taxonomy Improvements for Proposed ASU for Income Tax Disclosures

The Financial Accounting Standards Board (FASB) has published GAAP Taxonomy Improvements for a proposed Accounting Standards Update (ASU) concerning income tax disclosures. Continue reading "FASB Proposes GAAP Taxonomy Improvements for..." »
Posted by
LeAnn Dey
in FASB News, US GAAP Taxonomy at 17:00

FASB Releases ASU for Investments in Tax Credit Structures

On March 29th, the Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) titled “Topic 323, Investments—Equity Method and Joint Ventures: Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method”. The ASU is a consensus of the FASB’s Emerging Issues Task Force (EITF). Continue reading "FASB Releases ASU for Investments in Tax Credit..." »
Posted by
LeAnn Dey
in Accounting, FASB News, US GAAP Taxonomy at 16:46

XBRL US Offers Free Online Learning Modules

XBRL US is offering free online learning modules for those interested in brief introductions to the fundamentals of the open data exchange standard for business reporting and XULE, an open-source syntax created to help developers benefit from XBRL without restructuring the foundation of their technology infrastructure. Continue reading "XBRL US Offers Free Online Learning Modules" »
Posted by
LeAnn Dey
in US GAAP Taxonomy, XBRL at 07:36

Wednesday, March 29. 2023

FASB Proposes GAAP Taxonomy Improvements for Proposed ASU Regarding Disclosure of Crypto Assets

The Financial Accounting Standards Board (FASB) has published proposed GAAP Taxonomy Improvements for a proposed Accounting Standards Update (ASU). Continue reading "FASB Proposes GAAP Taxonomy Improvements for..." »
Posted by
LeAnn Dey
in FASB News, US GAAP Taxonomy at 17:47

Thursday, March 23. 2023

SEC Issues 2023 XBRL Taxonomies Update

On March 20, 2023, the SEC upgraded the EDGAR system to Release 23.1. The system now supports the 2023 reporting taxonomies. The SEC does not anticipate the removal of the 2021 versions of any taxonomies to occur before June 2023. For more information and a complete list of supported standard taxonomies, visit the Standard Taxonomies webpage on sec.gov. Continue reading "SEC Issues 2023 XBRL Taxonomies Update" »
Posted by
LeAnn Dey
in EDGAR News, FASB News, GoFiler Updates, IFRS Taxonomy, SEC, US GAAP Taxonomy at 15:46

Tuesday, March 21. 2023

FASB to Host Webinar on 2023 GAAP/SRT and Enhancements to SEC Reporting Taxonomy

The Financial Accounting Standards Board (FASB) will host a webinar to discuss improvements made to both the 2023 GAAP Financial Reporting Taxonomy for recently published FASB Accounting Standards Updates and the 2023 SEC Reporting Taxonomy (SRT). The improvements made were based on the 2023 Taxonomy Releases, which included compiled feedback and internal analysis. The 90-minute webinar will take place on Tuesday, April 11, 2023 and will begin at 1:00 p.m. ET. {expires: 2023-04-12} Continue reading "FASB to Host Webinar on 2023 GAAP/SRT and..." »
Posted by
LeAnn Dey
in Accounting, Data Quality Committee, Events, FASB News, SEC, SEC Filing Help, US GAAP Taxonomy at 17:35

Friday, March 17. 2023

EDGAR Release 23.1

The SEC has announced that EDGAR 23.1 will occur on March 20, 2023.
Continue reading "EDGAR Release 23.1" »
Posted by
LeAnn Dey
in EDGAR News, SEC, SEC Filing Help, US GAAP Taxonomy at 17:43

Monday, March 13. 2023

XBRL US Staff to Hold Data Quality Committee Web Conference

XBRL US’ Data Quality Committee (DQC) will host an online meeting for industry leaders to discuss plans to implement rules and guidance for public companies complying with the SEC’s XBRL requirements. The one-hour webinar will take place on Tuesday, March 21, 2023 and will begin at 12:00 p.m. ET. {expires: 2023-03-22} Continue reading "XBRL US Staff to Hold Data Quality Committee..." »
Posted by
LeAnn Dey
in Data Quality Committee, SEC, XBRL at 16:30

Tuesday, March 07. 2023

SEC Releases New Draft EDGAR Filer Manual for EDGAR 23.1

The SEC has announced that it has released its draft of the EDGAR® Filer Manual, Volume II: “EDGAR Filing” (Version 65). This draft Volume II of the EDGAR Filer Manual is accessible to filers in anticipation of feedback, and to help issuers prepare for potential modifications to the EDGAR system detailed in the draft and scheduled to be implemented in EDGAR Release 23.1 on March 20, 2023. Continue reading "SEC Releases New Draft EDGAR Filer Manual for..." »
Posted by
LeAnn Dey
in EDGAR News, SEC, SEC Filing Help, US GAAP Taxonomy at 15:16

Friday, March 03. 2023

Novaworks' Webinar on Executive Compensation Disclosure Now Available for Viewing

On February 22nd, Novaworks hosted a virtual seminar, presented by our experts in XBRL disclosure, to help filers adjust to the changes associated with the SEC’s adoption of final rules regarding Executive Compensation Disclosures. These disclosures must now be tagged in Inline XBRL. This webinar is now available to view on YouTube.com. Continue reading "Novaworks' Webinar on Executive Compensation..." »
Posted by
The Novaworks Team
in Novaworks News, SEC Filing Help, XBRL at 16:20

Tuesday, February 21. 2023

FASB Proposes GAAP Taxonomy Reference Style Guide, Solicits Feedback

On February 15th, the Financial Accounting Standards Board (FASB) published a proposed GAAP Taxonomy Reference Style Guide and updated the GAAP Frequently Asked Questions (FAQ) section to include new guidance on tagging. Continue reading "FASB Proposes GAAP Taxonomy Reference Style..." »
Posted by
LeAnn Dey
in FASB News, SEC, US GAAP Taxonomy, XBRL at 13:30
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