2016 US GAAP Financial Reporting Taxonomy
The 2016 U.S. Financial Reporting Taxonomy (Taxonomy) contains updates for accounting standards and other improvements since the 2015 Taxonomy as used by issuers filing with the U.S. Securities and Exchange Commission (SEC). We encourage all interest parties to review and provide feedback through the FASB Online Review and Comment System (TORCS). Guidance for using the Taxonomy viewer/commenting tool is provided here.
Guidance and Supporting Documents include:
- 2016 US GAAP Financial Reporting Taxonomy Release Notes (Narrative only)1
Narrative summary of taxonomy changes since 2015 release
- Modifications to the Taxonomy (Excel Version)
- Taxonomy change details since 2015 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.
- 2016 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.
- 2016 US GAAP Financial Reporting Taxonomy Technical Guide
Provides technical details of the taxonomy.
- 2016 US GAAP Financial Reporting Taxonomy File Reference
List and URL location for all files contained in the 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.
FASB Staff Issues for Comment a Proposed GAAP Taxonomy Implementation Guide, Financing Receivable and Current Expected Credit Loss Disclosures and a Proposed Taxonomy Implementation Note Style Guide (June 29, 2021)