PROPOSED 2015 US GAAP Financial Reporting Taxonomy
Available for Public Review and Comment
You can review and provide feedback on the entire taxonomy from the link below:
Deadline to submit written comments was October 31, 2014. While the formal comment period has ended you may find the information below useful. The Development Taxonomy is available to provide comments after October 31, 2014.
The Proposed 2015 U.S. Financial Reporting Taxonomy (Taxonomy) contains updates for accounting standards and other improvements since the 2014 Taxonomy as used by issuers filing with the U.S. Securities and Exchange Commission (SEC). We encourage all interested partied to review and provide feedback through the FASB Online Review and Comment System (TORCS) which can be accessed by using the link above to the Proposed 2015 Taxonomy. The 60-day comment period is intended to solicit feedback on these updates from users of the Taxonomy and to provide SEC filers, service providers, software vendors, and other interested parties the opportunity to become familiar with and suggest revisions to the Taxonomy.
Users should read the release notes and other guidance and supporting materials provided below which contain details of the changes. All comments are tracked and reviewed for inclusion in the final 2015 Taxonomy. Comments are acknowledged when received but it is not possible to respond directly to individual comments. Individuals providing comments on the Taxonomy are required to register with a “user name” and email address. Please note that all comments will be visible to other registered users. Guidance for using the Taxonomy viewer/commenting tool is provided here.
Guidance and Supporting Documents include:
- Proposed 2015 US GAAP Financial Reporting Taxonomy Release Notes (Narrative only)1
Narrative summary of taxonomy changes since 2014 release
- Electronic Feedback Form
(An electronic feedback form has been included to provide constituents with the ability to provide their responses to the Questions for Respondents found in the Proposed 2015 Taxonomy Release Notes. All other comments on the Taxonomy should be provided using the commenting tool noted above)
- Electronic Feedback Form
Modifications to the Taxonomy (Excel Version)
Taxonomy change details since 2014 release in spreadsheet format
- FASB Extension Taxonomy Change Application (TC App)
This application helps users quickly identify changes in the elements that are used in an existing XBRL extension taxonomy resulting from a new Taxonomy release. Save and unzip the TC App to a local drive and follow instructions in the User Guide contained therein.
Proposed 2015 US GAAP Taxonomy (Excel Version)
Taxonomy in a spreadsheet format to facilitate taxonomy review.
- 2014 US GAAP Financial Reporting Taxonomy Architecture
Explains the taxonomy design rationale and how the architecture satisfies stakeholder requirements. No change from 2014.
- Proposed 2015 US GAAP Financial Reporting Taxonomy Technical Guide
Provides technical details of the taxonomy. Refer to the Electronic Feedback Form to provide comments on the Proposed Guide.
- Proposed 2015 US GAAP Financial Reporting Taxonomy File Reference
List and URL location for all files contained in the taxonomy
Proposed 2015 US GAAP Financial Reporting Taxonomy
(requires XBRL enabled software to view)
Questions about using this taxonomy for creating and submitting eXtensible Business Reporting Language (XBRL) tagged interactive data files in compliance with SEC rules should be directed to the SEC Office of Interactive Disclosure. SEC contact details and guidance are available at the SEC’s portal on XBRL. The SEC currently supported taxonomies are listed on the "Standard Taxonomies" page.
1Available in a single PDF document combining the narrative and taxonomy detail changes.
THE TAXONOMY PROVIDED THROUGH THIS LINK IS FOR REVIEW PURPOSES ONLY AND IS NOT TO BE USED OR RELIED UPON FOR ANY PURPOSES OTHER THAN FOR THIS REVIEW AND COMMENT. YOUR USE OF THE TAXONOMY FOR THESE PURPOSES SHALL BE SUBJECT TO THE TERMS AND CONDITIONS LOCATED AT THE INITIAL LINK TO THE TAXONOMY.