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FASB issues two taxonomy implementation guides on notional amount disclosures and segment reporting

  • FASB (US Financial Accounting Standards Board) Image

Jun 06, 2014

The FASB has issued two U.S. GAAP Financial Reporting Taxonomy (UGT) nonauthoritative implementation guides: (1) "Notional Amount Disclosures" and (2) “Segment Reporting.” The purpose of the guides is to help financial statement preparers use the UGT in creating their XBRL documents.

The guide on notional amount disclosures provides detailed examples of disclosures about:

  • Notional assets and liabilities.
  • Notional amounts for unassociated assets and liabilities.
  • Nonmonetary notional amounts.

The segment reporting implementation guide is divided into two sections containing examples on:

  • Significant items required for segment disclosure.
  • Reconciliation of segment revenue.
  • Reconciliation of segment profit (loss).
  • Reconciliation of segment profit (loss), with additional disclosure of reconciliation items.
  • Reconciliation of segment revenue by geographic area.
  • Reconciliation of segment revenue by geographic operating segments.
  • Reconciliation of segment revenue for each service line and reconciliation of segment assets.

The UGT implementation guides are available on the FASB's Web site.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.