News Release 03-28-13 XBRL


FASB Issues XBRL Implementation Guide on Other Comprehensive Income

Norwalk, CT, March 28, 2013—The Financial Accounting Standards Board (FASB) today issued the fifth in a series of eXtensible Business Reporting Language (XBRL) Implementation Guides intended to improve use of the U.S. GAAP Taxonomy. U.S. GAAP Financial Reporting Taxonomy Implementation Guide—Other Comprehensive Income (OCI) is available at the FASB website for a 60-day comment period.

The purpose of this guide is to demonstrate the modeling of OCI transactions focusing on changes in and the reclassification out of accumulated OCI. It also provides an overview of OCI elements and their attributes.

The examples contained in each of the five Implementation Guides are not intended to comprise all of the potential modeling configurations or to dictate the appearance and structure of a company’s XBRL documents, but to provide examples of common disclosure presentations in each of the specified areas.

The Taxonomy is a list of computer-readable tags in XBRL that allows companies to tag precisely the thousands of pieces of financial data that are included in typical long-form financial statements and related footnote disclosures. The tags allow computers to automatically search for, assemble, and process data so it can be readily accessed and analyzed by investors, analysts, journalists, and regulators.

The XBRL Implementation Guide series is part of the continuing effort of the Financial Accounting Foundation (FAF) and the FASB to improve use of the Taxonomy. More information about this and other guides in the series will be discussed as part of an upcoming webcast, IN FOCUS: 2013 U.S. GAAP Taxonomy Overview with Expanded Coverage of FASB XBRL Implementation Guides and SEC Update. This live webcast, offered free of charge, will take place on Tuesday, April 2, 2013, from 1:00 to 2:30 p.m. EDT. Participants in the live broadcast will be eligible for up to 1.5 hours of CPE credit. More details about the webcast, including registration information, can be found at the FASB website.

About the Financial Accounting Foundation

The FAF is responsible for the oversight, administration, and finances of both the Financial Accounting Standards Board and its counterpart for state and local government, the Governmental Accounting Standards Board. The FAF also is responsible for selecting the members of both Boards and their respective Advisory Councils.

About the Financial Accounting Standards Board

Since 1973, the Financial Accounting Standards Board has been the designated organization in the private sector for establishing standards of financial accounting and reporting. Those standards govern the preparation of financial reports and are officially recognized as authoritative by the Securities and Exchange Commission and the American Institute of Certified Public Accountants. Such standards are essential to the efficient functioning of the economy because investors, creditors, auditors, and others rely on credible, transparent, and comparable financial information. For more information about the FASB, visit our website at