The Financial Accounting Standards Board (FASB) will host a webinar to discuss improvements made to both the 2023 GAAP Financial Reporting Taxonomy for recently published FASB Accounting Standards Updates and the 2023 SEC Reporting Taxonomy (SRT). The improvements made were based on the 2023 Taxonomy Releases, which included compiled feedback and internal analysis. The 90-minute webinar will take place on Tuesday, April 11, 2023 and will begin at 1:00 p.m. ET. {expires: 2023-04-12}
The webinar will feature the following discussions and presentations:
- An update from the SEC Office of Structured Disclosure staff on SEC taxonomies and observations on data quality
- Additional validation rules included in the 2023 DQC Rules Taxonomy
- Proposed meta model relationships
- Implementation resources (new FAQs related to plant, property, and equipment useful lives stated as lease terms and related parties)
- Policy election element relationships
- Improvements from revisions to the FASB Accounting Standards Codification
The event is free and open to the public, but registration is required. For further details, including the event’s full agenda, instructions on registration, and how to join the session, visit the event’s webpage.
Source:
2023 GAAP/SRT Taxonomy Improvements & SEC Update (xbrl.us)
In Focus: 2023 GAAP and SEC Reporting Taxonomy Improvements and SEC Update (fasb.org)
