Taxonomy Improvements (pending Annual Updates)

Improvements to the U.S. GAAP Financial Reporting Taxonomy (Taxonomy) result from Accounting Standards Updates (ASU) and other 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 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 Taxonomy Improvements.
 
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 2020-05—Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities C N N N
Accounting Standards Update 2020-04—Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting C N N N
Accounting Standards Update 2020-03 —Codification Improvements to Financial Instruments C N N N
Accounting Standards Update 2020-02—Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842)—Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842) C N N N
Accounting Standards Update 2020-01— Investments—Equity Securities (Topic 321), Investments—Equity Method and Joint  Ventures (Topic 323), and Derivatives and Hedging (Topic 815)—Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the FASB Emerging Issues Task Force) 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 TAXONOMY IMPROVEMENTS
Title/Comment Period Deadline (CPD) Release
Notes
AP TED TIG Inline
Viewer*
XBRL Files**
None as this time            
 

Codes:

AP1/AP Appendix to Release Notes-Summary of Proposed Elements.
AP2 Appendix 2 to Release Notes-Examples.
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 Taxonomy will be incorporated in a future Development Taxonomy. Taxonomy improvements that will be incorporated in a future Development Taxonomy are included in an extract of the Taxonomy and are available for viewing in TORCS. Comments on these improvements should be made directly in TORCS.
N Not included. Indicates that this item has not been issued in connection with the Taxonomy Improvements.
P ASU-related improvements that have been partially incorporated into the Development Taxonomy because only part of the guidance may be applied as the remaining guidance is not yet effective. Additional improvements will be forthcoming.
TBD To be determined.
TIG Taxonomy Implementation Guide
Y Included. Indicates that this item has been issued in connection with the 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 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.
Taxonomy Improvements are incorporated in the current Development Taxonomy as they relate to ASUs that are either effective or can be early applied.