The proposed 2017 U.S. Financial Reporting Taxonomy (Taxonomy) contains updates for accounting standards and other improvements since the 2016 Taxonomy as used by issuers filing with the U.S. Securities and Exchange Commission (SEC). We encourage all interested parties to review and provide feedback on this Proposed 2017 Taxonomy. The 60-day comment period was intended to solicit feedback on these updates from users of the Taxonomy and to provide SEC filers, service providers, software vendors, and other interested parties the opportunity to become familiar with and suggest revisions to the Taxonomy.
Users should read the release notes and other guidance and supporting materials provided below which contain details of the changes. All comments are tracked and reviewed for inclusion in the final 2017 Taxonomy release. Comments are acknowledged when received but it is not possible to respond directly to individual comments. Individuals providing comments on the Taxonomy are required to register with a “user name” and email address. Please note that all comments will be visible to other registered users. Guidance for using the Taxonomy viewer/commenting tool is provided here.
Guidance and Supporting Documents include:
- Proposed 2017 US GAAP Financial Reporting Taxonomy Release Notes (Narrative only)1
Narrative summary of taxonomy changes since 2016 release
- Modifications to the Proposed 2017 US GAAP Taxonomy (Excel Version) Taxonomy change details since 2016 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.
- Proposed 2017 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.
- Proposed 2017 US GAAP Financial Reporting Taxonomy Technical Guide
Provides technical details of the taxonomy.
- Sample Instance Documents Illustrating Application of Typed Dimensions, Extensible Enumerations, and Taxonomy Disclosure Templates Provides sample instance documents illustrating application of typed dimensions, extensible enumerations, and taxonomy disclosure templates which are only intended to illustrate implementation of these three modeling mechanisms. No conclusions should be made regarding other modeling choices or semantic considerations.
- Proposed 2017 US GAAP Financial Reporting Taxonomy File Reference
List and URL location for all files contained in the taxonomy
- Download Proposed 2017 US GAAP Financial Reporting 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.
THE TAXONOMY PROVIDED THROUGH THIS LINK IS FOR REVIEW PURPOSES ONLY AND IS NOT TO BE USED OR RELIED UPON FOR ANY PURPOSES OTHER THAN FOR THIS REVIEW AND COMMENT. YOUR USE OF THE TAXONOMY FOR THESE PURPOSES SHALL BE SUBJECT TO THE TERMS AND CONDITIONS LOCATED AT THE INITIAL LINK TO THE TAXONOMY.
1Available in a single PDF document combining the narrative and taxonomy detail changes.
FASB Staff Issues Proposed Technical and Other Conforming Improvements for the 2022 SEC Reporting Taxonomy and Technical Guide (September 1, 2021)
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)
SEC Announces EDGAR System Upgrade: 2019 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy No Longer Supported (June 23, 2021)
FASB Staff Issues Proposed Taxonomy Improvements for a Proposed Accounting Standards Update on Derivatives and Hedging (Topic 815)—Fair Value Hedging—Portfolio Layer Method (May 7, 2021)
FASB Issues Taxonomy Staff Q&A Document on How to Apply the Taxonomy to COVID-19 Pandemic and Relief Disclosures (June 22, 2020)