Posted by Edith Orenstein on 08/11/2009 - 21:45
Last week, as an interim measure to provide companies with the ability to use XBRL data tags referencing the newly published FASB Codification, which became the single source of U.S. GAAP on July 1, XBRL-US issued a patch of sorts (technically, a "taxonomy extension file" or "taxonomy reference linkbase") to enable referencing to the Codification. This is an interim step pending full incorporation of Codification references in XBRL-US' U.S. GAAP Taxonomy in 2010, as explained on the XBRL-US website under FASB Codification and U.S. GAAP Taxonomy. Further information is available in FASB's Project Update, and the XBRL-US Aug. 4, 2009 press release. Read more here.
- 587 reads
