Recruiting: Taxonomy Software Developer
The FASB is looking for a Software Developer to develop and maintain software systems for the US GAAP Financial Reporting Taxonomy.
Items tagged with "FASB"
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FASB Taxonomy Updates
The Financial Accounting Foundation (FAF) and the Financial Accounting Standards Board (FASB) have issued release notes describing the proposed technical improvements to the 2018 US GAAP Financial Reporting Taxonomy. The release notes address technical improvements to the 2018 taxonomy based on public comments, common reporting practices, improving utility, reducing inconsistencies and enhancing the intended uses […]
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Case Study In The Changing Use of Structured Data: Lease Accounting
This is the seventh in a series of guest posts from Mohini Singh, ACA, Director, Financial Reporting Standards, CFA Institute. In my latest paper, Data & Technology: How Information Is Consumed In The New Age, we take a deep dive into how structured data is being consumed and refute the claim by some that structured […]
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Investors Tell the FASB: Segment Disclosures Need Improving
A recent Chartered Financial Analyst (CFA) Institute survey indicates that segmented reporting information is critical to investors, yet disclosures need improving dramatically. Recent exchanges between investors and tech giants such as Amazon and Alphabet (aka Google) show the struggle: Amazon and Alphabet cloak the performance of important sections of their business such as Alexa, Amazon […]
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FASB Seeks Feedback
In a recent update by the Financial Accounting Standards Board (FASB) to their Implementation Guide Series for the U.S GAAP Taxonomy, FASB staff have now issued a new proposed taxonomy guide for revenue from contracts with customers. The implementation guide provides examples to help users of the taxonomy understand how modeling, revenues and costs are […]
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SEC Reporting Taxonomy – SEC & FASB Discussion
Did you miss the recent webinar on the new SEC Reporting Taxonomy? Not to worry! You can watch the recorded version of it here https://xbrl.us/events/20180501/. The webinar was hosted by both the SEC and FASB and addressed how issuers could take advantage of the guidance provided. The speakers were: • Louis Matherne, Chief of Taxonomy […]
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FASB Webinar – Update on 2018 US GAAP and SRT Taxonomies
Financial Accounting Standards Board (FASB) hosting a webinar on Tuesday, April 3, 2018 from 1:00 to 2:30 p.m. EDT. The agenda includes Update from Securities and Exchange Commission (SEC) staff Improvements to recently issued the 2018 GAAP Financial Reporting Taxonomy 2018 SEC Reporting Taxonomy (SRT) More information and registration details about the webinar on FASB website.
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SEC Proposed 2018 Reporting Taxonomy
The SEC has now announced its preliminary 2018 reporting taxonomy following a formal public review of the proposal.
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Conceptual Framework project discussed at the September 2017 World Accounting Standard-setters conference
Following on from last week’s story about IASB priorities, including in relation to digital reporting, this week standard-setters from around the world met for a workshop on the IFRS Conceptual Framework project. Delegates discussed the main concepts that will be included in the revised Conceptual Framework for Financial Reporting and were updated on the status and […]
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FASB asks for ideas to make GAAP taxonomy easier to use
As we mentioned last week, the FASB has issued an invitation to comment asking for input on ways to assess the efficiency and effectiveness of the US GAAP taxonomy. FASB’s invitation to comment provides detailed background and technical questions focused on how to make the taxonomy easier for users to navigate and how to improve […]
