GAAP, SEC taxonomies for 2019 are available

by | Dec 19, 2018 | Best Business Helps | 0 comments

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GAAP, SEC taxonomies for 2019 are available

The 2019 GAAP Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy are available on FASB’s website, the board announced Tuesday.

FASB expects the taxonomies to be accepted as final by the SEC early in 2019. The 2019 GAAP Financial Reporting Taxonomy contains updates for accounting standards and other recommended improvements.

The 2019 SEC Reporting Taxonomy provides elements necessary to meet SEC requirements for financial schedules, condensed consolidating financial information for guarantors, and disclosures about oil- and gas-producing activities. In addition, the SEC taxonomy includes dimensional elements whose underlying recognition and measurement are not specified by GAAP but are elements commonly used by GAAP filers.

Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is the JofA’s editorial director.

Research & References of GAAP, SEC taxonomies for 2019 are available|A&C Accounting And Tax Services
Source

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GAAP, SEC taxonomies for 2019 are available

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