Novaworks Weblog - Accounting

FASB Releases GAAP Taxonomy Improvements for FSLDs, Requests Feedback

nospam@example.com (LeAnn Dey) — Thu, 30 Jul 2026 17:00:00 -0400

On July 20th, the Financial Accounting Standards Board (FASB) staff issued a proposed Taxonomy Implementation Guide to provide filers with a simple and consistent way to use Financial Statement Location Dimensions (FSLDs) to help companies correctly tag amounts that appear across multiple financial‑statement captions, reducing confusion and improving consistency in XBRL filings. Continue reading "FASB Releases GAAP Taxonomy Improvements for FSLDs, Requests Feedback"

FASB Publishes Investment Companies Implementation Guide, Solicits Feedback

nospam@example.com (LeAnn Dey) — Thu, 30 Jul 2026 09:45:00 -0400

On July 9th, the Financial Accounting Standards Board (FASB) staff released its investment companies implementation guide, which is designed to show how the GAAP Taxonomy models financial reporting for entities that would be considered investment companies in accordance with GAAP or SEC rules. Although the publication is not authoritative, it is intended to help preparers be consistent when applying taxonomy elements, reduce tagging errors in XBRL filings, and help filers understand how the taxonomy reflects the unique structure of investment company financial statements. Continue reading "FASB Publishes Investment Companies Implementation Guide, Solicits Feedback"

Reminder: IFRS Accounting Taxonomy 2025 Remains Current for 2026 Reporting

nospam@example.com (LeAnn Dey) — Wed, 03 Jun 2026 17:37:00 -0400

In February 2026, the International Financial Reporting Standards Foundation (IFRS) announced that the IFRS Accounting Taxonomy 2025 would remain current for the 2026 reporting period as there have been no updates to the technology or content. Stakeholders should continue to use the IFRS Accounting Taxonomy 2025 when tagging financial information, in accordance with local jurisdictional filing requirements. Continue reading "Reminder: IFRS Accounting Taxonomy 2025 Remains Current for 2026 Reporting"

FASB to Discuss 2026 GAAP and SEC Reporting Taxonomy Improvements,SEC Update

nospam@example.com (LeAnn Dey) — Tue, 07 Apr 2026 11:00:00 -0400

The Financial Accounting Standards Board (FASB) will host a webinar to discuss 2026 GAAP and SEC reporting taxonomy improvements and an SEC data quality update. The event will take place on Tuesday, April 14, 2026, beginning at 1:00 p.m. Eastern. Continue reading "FASB to Discuss 2026 GAAP and SEC Reporting Taxonomy Improvements,SEC Update"