GAAP Taxonomy Improvements (pending Annual Updates)

Improvements to the GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”) result from Accounting Standards Updates (ASU) and other GAAP Taxonomy improvement projects. These improvements are included in the Development Taxonomy after completing appropriate due process steps and when they are effective (or early adoption is permitted) for the next Annual Update.
 
The FASB Taxonomy Online Review and Comment System (TORCS) is available to review and comment on the Development Taxonomy and other available GAAP Taxonomy projects year round. See the Development Taxonomy Page for additional instructions on providing comments through TORCS. However, for maximum benefit, constituents are encouraged to comment on proposed improvements as listed at Proposed GAAP Taxonomy Improvements.
 
GAAP TAXONOMY IMPROVEMENTS (PENDING ANNUAL UPDATES)
AND SUPPORTING MATERIALS
Incorporated into the Development Taxonomy
Title Status TIG In-line XBRL Viewer* XBRL
Files**
Accounting Standards Update 2021-03—Intangibles—Goodwill and Other (Topic 350): Accounting Alternative for Evaluating Triggering Events C' N N N
Accounting Standards Update 2021-02—Franchisors—Revenue from Contracts with Customers (Subtopic 952-606): Practical Expedient C' N N N
Accounting Standards Update 2021-01—Reference Rate Reform (Topic 848): Scope C N N N
  
 
NOT YET INCORPORATED INTO THE DEVELOPMENT TAXONOMY
Title/Comment Period Deadline (CPD) Release
Notes
AP TED TIG Inline
Viewer*
XBRL Files**
None at this time            
   
 
OTHER PROPOSED GAAP TAXONOMY IMPROVEMENTS
Title/Comment Period Deadline (CPD) Release
Notes
AP TED TIG Inline
Viewer*
XBRL Files**
None as this time            
 

Codes:

C ASU-related improvements incorporated into the current Development Taxonomy.
C' No ASU-related improvements were incorporated into the current Development Taxonomy.
F ASU-related improvements with an effective date or early adoption provision after the next Annual GAAP Taxonomy will be incorporated in a future Development Taxonomy. GAAP Taxonomy improvements that will be incorporated in a future Development Taxonomy are included in an extract of the GAAP Taxonomy and are available for viewing in TORCS. Comments on these improvements should be made directly in TORCS.
TBD To be determined.
TIG GAAP Taxonomy Implementation Guide
Y Included. Indicates that this item has been issued in connection with the GAAP Taxonomy Improvements.
* This instance document and related extension taxonomy are not authoritative; rather they are intended to be used to understand and illustrate the implementation of the modeling in the GAAP Taxonomy. No conclusions should be made regarding other modeling choices or semantic considerations. This instance document and related extension taxonomy are not in compliance with certain EDGAR Filer Manual rules because it does not represent a complete filing and is an artificial construct for illustrative purposes. The FASB disclaims all responsibility for any use of this purely illustrative material for actual reporting or disclosure, or other non-hypothetical purposes. Please also see Terms of Use for this website.
** Requires XBRL-enabled software to view.
GAAP Taxonomy Improvements are incorporated in the current Development Taxonomy as they relate to ASUs that are either effective or can be early applied.