US Financial Reporting - Financial Services Terms - Elements (USFR-FSTE) Taxonomy

Approved

Summary Information
This is the home page of the US Financial Reporting - Financial Services Terms - Elements Taxonomy.  Below is summary information for this         taxonomy:

Status

Final

XBRL version

XBRL Specification 2.1 dated 2003-12-31

Release type

Approved

Date issued

2005-02-28 (02 February 2005)

Issued by

XBRL-US

Name

US Financial Reporting - Financial Services Terms - Elements

Description

This financial reporting taxonomy is intended to provide detail level accounting terms that will allow financial services related jurisdictional and industry taxonomies to be created that conform to specific accounting standards (such as US GAAP) for tagging financial statements.

Namespace identifier

http://www.xbrl.org/us/fste/common/fste/2005-02-28

Recommended namespace prefix

usfr-fste

Relationship to other XBRL taxonomies

This taxonomy does not reference any other taxonomy. It is intended serve as a central repository for elements common to the financial services industry.  It will be referenced by financial services industry taxonomies such as the US-GAAP-BASI taxonomy, a part of the United States (US) Financial Reporting (FR) Taxonomy Framework. 

Click here to view a graphical representation of how this taxonomy fits into the US Financial Reporting Taxonomy Framework

Physical location of taxonomy components

http://www.xbrl.org/us/fr/common/fste/2005-02-28/usfr-fste-2005-02-28.xsd (Schema)

http://www.xbrl.org/us/fr/common/fste/2005-02-28/usfr-fste-2005-02-28-label.xml (Labels linkbase)

http://www.xbrl.org/us/fr/common/fste/2005-02-28/usfr-fste-2005-02-28-presentation.xml  (Presentation linkbase)

http://www.xbrl.org/us/fr/common/fste/2005-02-28/usfr-fste-2005-02-28-reference.xml (Reference linkbase)

Explanatory notes

HTML

Printout of taxonomy elements

Presentation View                PDF, HTML

Elements Listed by Label       PDF, HTML

Elements Listed by Name      HTML

All DTS files

ZIP

Contact

Brad Homer
XBRL Technical Manager
American Institute of Certified Public Accountants
bhomer@aicpa.org

Incompatible taxonomies

There are no taxonomies that are inherently incompatible with the taxonomies of the USFRTF.

Defined roles

http://www.xbrl.org/us/fr/lr/role/TupleContentModelsFinancialServices       Tuple Content Models - Financial Services Terms

Suggested linkbases

None

Errors

N/A

Copyright and License

Copyright © 2005 XBRL-US® All Rights Reserved.
Copyright © 2005 AICPA® All Rights Reserved.

This taxonomy and translations of it may be copied and furnished to others, and derivative works that comment on or otherwise explain it or assist in its implementation may be prepared, copied, published and distributed, in whole or in part, without restriction of any kind, provided that:

1.      The above copyright notice and this paragraph are included on all such copies and derivative works.

2.      A link or URL to the original taxonomy is included in all such copies and derivative works.

However, this taxonomy itself may not be modified in any way, such as by removing the copyright notice or references to XBRL International or other organizations, except as required to translate it into languages other than English. Members of XBRL International and the taxonomy owners agree to grant certain licenses under the XBRL International Intellectual Property Policy (www.xbrl.org/legal).

The name and trademarks of XBRL International may NOT be used in advertising or publicity pertaining to this document or its contents without specific, written prior permission. Title to copyright in this document will at all times remain with copyright holders.

By using and/or copying this taxonomy, you (the licensee) agree that you have read, understood, and will comply with the terms and conditions set out in this document and in the Copyright, Intellectual Property and Trademarks documents on www.xbrl.org/legal

This taxonomy and its associated files are provided on an "AS IS" basis and XBRL INTERNATIONAL AND THE OWNERS OF THE TAXONOMY DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTY THAT THE USE OF THE INFORMATION HEREIN WILL NOT INFRINGE ANY RIGHTS OR ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

Recipients of this taxonomy are invited to submit, with their comments, notification of any relevant patent rights and copyrights of which they are aware and to provide supporting documentation.

The attention of users of this taxonomy is directed to the possibility that its use may require use of an invention covered by patent rights. XBRL International and the owners of the taxonomy shall not be responsible for identifying patents for which a license may be required by this taxonomy, or for conducting legal inquiries into the legal validity or scope of those patents that are brought to its attention. This taxonomy is prospective and advisory only. Prospective users are responsible for protecting themselves against liability for infringement of patents. XBRL International and the owners of this taxonomy takes no position regarding the validity or scope of any intellectual property or other rights that might be claimed to pertain to the implementation or use of the technology defined by implied by the taxonomy or the extent to which any license under such rights might or might not be available; neither do they represent that they has made any effort to identify any such rights. Members of XBRL International agree to grant certain licenses under the XBRL International Intellectual Property Policy (www.xbrl.org/legal).

Warranty

ALL PARTIES ACKNOWLEDGE THAT ALL INFORMATION PROVIDED AS PART OF THIS TAXONOMY OR ITS ASSOCIATED FILES IS PROVIDED “AS IS” WITH NO WARRANTIES WHATSOEVER, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, AND THE PARTIES EXPRESSLY DISCLAIM ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR ANY PARTICULAR PURPOSE, NONINFRINGEMENT, OR TITLE, OR ANY WARRANTY OTHERWISE ARISING OUT OF ANY PROPOSAL, RECOMMENDATION, OR SAMPLE; OR ANY WARRANTY THAT THE USE OF THE CONTENTS OF THE TAXONOMY OR ITS ASSOCIATED FILES WILL NOT INFRINGE ANY THIRD PARTY PATENTS, COPYRIGHTS, TRADEMARKS OR OTHER RIGHTS.

Limitation of Liability

IN NO EVENT WILL XBRL INTERNATIONAL OR THE OWNERS OR AUTHORS OF THE TAXONOMY BE LIABLE TO ANY USER OR ANY THIRD PARTY FOR THE COST OF PROCURING SUBSTITUTE GOODS OR SERVICES, LOST PROFITS, LOSS OF USE, LOSS OF DATA OR ANY DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, PUNITIVE OR SPECIAL DAMAGES, WHETHER UNDER CONTRACT, TORT, WARRANTY OR OTHERWISE, ARISING IN ANY WAY OUT OF THE USE OF THIS TAXONOMY OR ITS ASSOCIATED FILES, OR THE PERFORMANCE OR IMPLEMENTATION OF THE CONTENTS THEREOF OF ANY TYPE WHATSOEVER, WHETHER OR NOT SUCH PARTY HAD ADVANCE NOTICE OF THE POSSIBILITY OF SUCH DAMAGES. 

Copyright © 2005 XBRL-US® All Rights Reserved.
Copyright © 2005 AICPA® All Rights Reserved.




 
The XBRL Logo is a registered trademark of XBRL International ® All Rights Reserved, used with permission.
XBRL International liability, trademark, document use, and software licensing rules apply.

 

 

XBRL US Domain Working Group Chair:

Campbell Pryde, CPA, KPMG

Editors of the Taxonomy (listed alphabetically):

Rob Blake, Aucent

Glen Buter, CPA, BDO Siedman

Eric Cohen, PricewaterhouseCoopers

John Crish, KPMG

John Donovan, PricewaterhouseCoopers

Terrill Garrison, Federal Reserve System

Clicia Guzzardo, Morgan Stanley

Walter Hamscher, Standard Advantage

Charlie Hoffman, CPA, UBMatrix

Brad Homer, AICPA

Alvin James, FDIC

Sal Mileti, Ernst & Young

Tim Mueller, PricewaterhouseCoopers

Yossef Newman, CPA, Deloitte & Touche

Campbell Pryde, KPMG

Randall Puckett, FDIC

Pat Relich, FDIC

Miho Saito, PricewaterhouseCoopers

Matthew Slavin, Ernst & Young

Phil Walenga, FDIC

John Wisnieski, FDIC

 

Abstract

This Taxonomy Documentation describes the eXtensible Business Reporting Language (XBRL) US Financial Reporting Taxonomy:  Financial Services Terms Elements (USFR-FSTE). The USFR-FSTE Taxonomy has been prepared by the XBRL-US Domain Working Group, with feedback from other members of XBRL International as well.

This USFR-FSTE Taxonomy is compliant with the XBRL 2.1 Specification, dated 2003-12-31 and follows the guidance prescribed in the Financial Reporting Taxonomy Architecture 1.0 (FRTA). This taxonomy provides the necessary financial reporting terms to be used by companies across the financial services sector. 

This document assumes a general understanding of accounting and XBRL. If the reader desires additional information relating to XBRL, the XBRL International web site (http://www.xbrl.org) is recommended.


Table of Contents

 

Abstract. 4

1.       Overview.. 6

1.1.     Purpose. 6

1.2.     Taxonomy Status. 6

1.3.     Scope of Taxonomy. 7

2.       Overview of Taxonomy. 8

2.1.     Taxonomy Structure. 8

2.2.     Label Languages. 9

2.3.     References. 9

3.       Reviewing This Taxonomy. 10

4.       Sample Instance Documents. 10

5.       Updates and Changes. 11

5.1.          Updates to this Taxonomy. 11

5.2.          COMMENTS AND FEEDBACK

 

1.   Overview

1.1.           Purpose

The XBRL-US Domain Working Group is leading the development of this XBRL US Financial Reporting Financial Services Terms - Elements(USFR-FSTE) Taxonomy for the purpose of expressing common financial reporting concepts according to US GAAP/FASB and other related/relevant accounting standards.

This Financial Services Terms - Elements (USFR-FSTE) Taxonomy is designed to facilitate the creation of XBRL industry taxonomies focused on financial reporting. This taxonomy is a warehouse of financial services terms that are used in the preparation of XBRL documents.  This taxonomy defines very limited relationships between the elements in the taxonomy, as the relationships are defined in the financial services terms – relationships taxonomy (usfr-fstr). The purpose of the USFR-FSTE Taxonomy is to provide a framework for the consistent creation of XBRL documents for financial reporting purposes by private sector and public sector entities.  The purpose of this and other taxonomies produced using XBRL is to supply a framework that will facilitate data exchange among software applications used by companies and individuals as well as other financial information stakeholders, such as lenders, investors, auditors, attorneys, and regulators.

The authority for this USFR-FSTE Taxonomy is based upon US Generally Accepted Accounting Principles (GAAP).  The development of the taxonomy is based upon input from accounting firms, technology companies and other domain experts in the field of financial reporting.  In addition, the specific content of the taxonomy is based upon standards identified by the Financial Accounting Standards Board (FASB) and other related standards organizations.

The particular disclosures in this USFR-FSTE Taxonomy model are:

1.      Required by numerous financial services industries

2.      Typically represented in AICPA model financial statements, checklists and guidance materials as provided from each of the major international accounting firms.

3.      Found in common reporting practice, or

4.      Flow logically from items 1-3, for example, sub-totals and totals.

1.2.           Taxonomy Status

The USFR-FSTE Taxonomy is an Approved taxonomy. Its content and structure have been reviewed by both accounting and technical teams that comprise XBRL-US and XBRL International. The USFR-FSTE Taxonomy complies with the Financial Reporting Taxonomy Architecture 1.0 (FRTA) and XBRL Specification Version 2.1. 

The XBRL-US Domain Working Group intends to have this taxonomy reach the status of a approved taxonomy under the XBRL Taxonomy Approval Process (TAP) 2004. XBRL Taxonomies can exist in two states insofar as XBRL International TAP is concerned:

  • Acknowledged – A royalty-free taxonomy that the creators have asked XBRL International to list at XBRL.org; XBRL International confirms only that the taxonomy is compliant with the XBRL specification and is available free of royalties. This classification indicates to the business user the degree of endorsement by XBRL International.
  • Approved – A taxonomy which is technically compliant with XBRL, is available on royalty free terms, follows best practices prescribed by XBRL International (e.g. FRTA) and either has been developed by XBRL International itself or that has followed a public review process similar to XBRL International's own.

1.3.           Scope of Taxonomy

This USFR-FSTE Taxonomy is released in conjunction with the Financial Services Terms -Relationships (USFR-FSTR), Accountants Report (USFR-AR), Management’s Discussion & Analysis (USFR-MDA), Primary Terms - Elements (USFR-PTE), Primary Terms - Relationships (USFR-PTR), Management Report (USFR-MR), and SEC Officers Certification (USFR-SEC-CERT). These taxonomies are all part of the US Financial Reporting Taxonomy Framework, an XBRL taxonomy framework that enables reusability of components and provides the foundation for creating new industry taxonomies (such as Insurance, Banks and Savings Institutions, etc.) going forward.

The USFR-FSTE Taxonomy is designed solely as a building block portion of the US Financial Reporting Taxonomy Framework. It is not expected that the taxonomy contains sufficient information to be used on its own, rather additional taxonomies are required to fully express how different industries report the concepts included in the USFR-FSTE taxonomy.  These additional taxonomies are likely to identify the particular needs of:

  • Specific industries, for example, Commercial & Industrial, Banking & Savings or Insurance.
  • National jurisdictions for those companies that require a non-US GAAP standard as the core financial standards setting foundation and may include supplementary reporting requirements or prevent use of available options by local accounting standards setters as well as stock exchanges etc.
  • National industry or common practice, for example, tax or credit reporting.
  • An individual company

These extension taxonomies will either extend the USFR-FSTE Taxonomy to meet the particular reporting requirements of that industry, country or company and/or restrict by limiting the use of particular USFR-FSTE Taxonomy elements.

The inter-relationships of the various taxonomies are show in Error! Not a valid bookmark self-reference.:

Figure 1: Interrelationship of Taxonomies and Instance Document

2.   Overview of Taxonomy

2.1.           Taxonomy Structure

The USFR-FSTE Taxonomy contains over 1,400 unique, individually identified pieces of information related to financial reporting. The USFR-FSTR calculation and presentation linkbases provide the other information necessary to interpret the taxonomy elements in the USFR-FSTE.

2.2.           Label Languages

Currently, labels for taxonomy elements are provided in English. In the future, taxonomy labels could be expressed in additional languages as required.

2.3.           References

This Taxonomy provides references to FASB and other relevant standards. Figure  3 shows an example of the reference elements are used in this taxonomy, using “FASB 142, sub paragraph 23” to illustrate how a reference is matched to these elements:

Figure 3: Reference Naming Structure

Name:

FASB

Number:

142

Paragraph:

 

Subparagraph:

23

Clause:

 

 

Authoritative reference information used throughout the taxonomy relies on a series of acronyms.  The following list provides an overview of the acronyms used commonly throughout the authoritative references:

AICPA

  • Accounting Research Bulletin (ARB)
  • AICPA Opinion and Interpretation
  • Industry Audit and Accounting Guide (AAG)
  • Statement of Position (SOP)
  • Practice Bulletin (PB)
  • AICPA Accounting Interpretation (AIN)
  • AICPA Accounting Principles Board Statement
  • AICPA Issues Papers
  • AICPA Technical Practice Aids (TPA)

  FASB

  • Accounting Principles Board Opinion (APB)
  • Statement of Financial Accounting Standard (FAS)
  • FASB Interpretation (FIN)
  • FASB Technical Bulletin (FTB)
  • Emerging Issues Taskforce (EITF)
  • Implementation Guide (Q&A)
  • FASB Staff Position (FSP)
  • Current Text (CT)
  • Accounting Principles Board Statements (APS)
  • FASB Financial Accounting Concepts (CON)

  SEC

  • Regulation S-X (SX)
  • Article 9 (ART 9)
  • Article 4 (ART 4)
  • Regulation S-K (SK)
  • Regulation S-B (SB)
  • Regulation S-T (ST)
  • Staff Accounting Bulletins (SAB)
  • Regulation T (Reg T)
  • Staff Position (SP)
  • Financial Reporting Release (FRR)
  • Staff Legal Bulletin (SLB)
  • SEC Industry Guide

OTS

  • Federal Regulation (FR)

3.   Reviewing This Taxonomy

There are a number of approaches to reviewing the taxonomy both from an accounting and technical XBRL perspective. For more information on reviewing taxonomies, reviewers should read the Reviewer’s Guide to Financial Reporting Taxonomies 1.0 as published by XBRL-US.

4.   Sample Instance Documents

Sample instance documents have been provided for each industry taxonomy, which may be useful in helping you understand how the taxonomy works and is intended to be used. If you are confused by something in the taxonomy, look for that information in the sample instance documents to see if the context helps explain the taxonomy content.

5.   Updates and Changes

5.1.           Updates to this Taxonomy

This taxonomy will be updated with revisions for errors and new features within the following guidelines:

·         Since financial statements created using a taxonomy must be available indefinitely, the taxonomy must be available indefinitely. All updates will take the form of new versions of the taxonomy with a different date. For example, the taxonomy http://www.xbrl.org/us/fr/common/fste/2005-02-28/usfr-fste-2005-02-28.xsd will never change. New versions will be issued under a different name, such as http://www.xbrl.org/us/fr/common/fste/2004-12-31/usfr-fste-2007-12-31.xsd. This will ensure that any taxonomy created will be available indefinitely.

5.2     Comments and Feedback

Comments and feedback on either accounting concepts within the taxonomy or technical aspects of the US Financial Reporting Taxonomy Framework are welcome, particularly ideas to improve this taxonomy. If you have a comment or feedback or wish to report an error, email comments to Brad Homer (bhomer@aicpa.org).

Detailed responses will not be provided for every comment submitted, however a summary of which feedback has been incorporated will be provided.