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FASB issues proposed taxonomy implementation guide on notional amount disclosures

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Oct 17, 2013

On October 11, 2013, the FASB issued a proposed U.S. GAAP Financial Reporting Taxonomy (UGT) Implementation Guide, "Notional Amount Disclosures." The proposed guide provides examples that explain how elements of notional amount disclosures are structured within the UGT.

The implementation guide consists of the following three examples:

    1. Notional assets and liabilities.
    2. Notional for unassociated assets and liabilities.
    3. Nonmonetary notional amounts.

The examples are based on the assumption that the entity meets the criteria for reporting notional amount disclosures under U.S. GAAP and/or SEC authoritative literature. 

The guide is not authoritative. Comments are requested by December 12, 2013.

The UGT implementation guide is available on the FASB's Web site.

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Correction list for hyphenation

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