Featured Product

    FASB Updates FAQs on the GAAP Financial Reporting Taxonomy

    March 06, 2019

    FASB updated the frequently asked questions (FAQs) about the U.S. GAAP Financial Reporting Taxonomy to include new guidance for preparers on addressing the deprecation of the "Report Date [Axis]" (CreationDateAxis) with the 2019 Taxonomy Update. The FAQs provide responses to general inquiries concerning the U.S. GAAP Financial Reporting Taxonomy. In addition, FASB issued a Taxonomy Implementation Guide on Financial Instruments—Debt Securities. The purpose of the guide is to demonstrate the modeling for disclosures related to debt securities.

    The taxonomy implementation guide contains examples to help users of the taxonomy understand how the modeling for disclosures of debt securities in Accounting Standards Codification (Topic 320) is structured within the taxonomy. The examples are based on the assumption that an entity meets the criteria for reporting the disclosures under U.S. GAAP and/or U.S. SEC authoritative literature. However, the reported line items within the examples do not include all reporting requirements and represent only partial disclosure and statements for illustrative purposes.

     

    Related Links

    Keywords: Americas, US, Banking, Securities, Accounting, Taxonomy, Financial Instruments, Reporting, FAQ, Topic 320, FASB

    Featured Experts
    Related Articles
    News

    PRA Revises Branch Return and Updates Guidance for Regulatory Reports

    PRA published the policy statement PS17/19, which contains the final policy related to changes in the format and content of the Branch Return Form and reporting guidance.

    September 12, 2019 WebPage Regulatory News
    News

    FINMA Outlines Treatment of Stablecoins in Supplement to Guide on ICO

    FINMA published a supplement to its initial coin offerings (ICOs) guidelines, outlining the treatment for stablecoins under the Swiss supervisory law.

    September 11, 2019 WebPage Regulatory News
    News

    Ursula von der Leyen Presents Structure of Next European Commission

    President-elect Ursula von der Leyen has presented her team and the new structure of the next European Commission.

    September 10, 2019 WebPage Regulatory News
    News

    FED Proposes to Revise and Extend Reporting Form on Systemic Risk

    FED proposed to extend for three years, with revision, the Banking Organization Systemic Risk Report (FR Y-15; OMB No. 7100-0352).

    September 10, 2019 WebPage Regulatory News
    News

    EBA Issues Revised List of Validation Rules for Reporting

    EBA published the revised list of validation rules (version 2.9) in its implementing technical standards on supervisory reporting.

    September 10, 2019 WebPage Regulatory News
    News

    Bundesbank Publishes Supplementary Validation Rules for Reporting

    Bundesbank published the updated document containing supplementary validation rules in the context of the implementation of the reporting system at national level.

    September 10, 2019 WebPage Regulatory News
    News

    APRA Licenses Xinja Bank as Authorized Deposit-Taking Institution

    APRA granted Xinja Bank Limited a license to operate as an authorized deposit-taking institution without restrictions, under the Banking Act 1959.

    September 09, 2019 WebPage Regulatory News
    News

    FDIC Proposes Revisions to Regulations on Interest Rate Restrictions

    FDIC proposed revisions to its regulations covering interest rate restrictions that apply to less than well-capitalized insured depository institutions.

    September 09, 2019 WebPage Regulatory News
    News

    EBA Intends to Clarify End-Treatment of Grandfathered Instruments

    EBA announced its intention to clarify the prudential treatment applicable to own funds instruments at the end of the grandfathering period, which expires on December 31, 2021.

    September 09, 2019 WebPage Regulatory News
    News

    IMF Releases Reports on 2019 Article IV Consultation with Saudi Arabia

    IMF published its staff report and selected issues report in context of the 2019 Article IV consultation with Saudi Arabia.

    September 09, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3799