FASB Codification Guide-2

FASB Codification Guide-2

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Unformatted text preview: that are linked to subparagraphs within the paragraph. E3: List the standard labels of the XBRL elements that are linked to the glossary term Stock Split as defined in Codification Section 505-20-20. E4: Navigate to Section 815-10-75. Cite the Codification paragraphs and/or glossary terms to which the XBRL element ―Derivative Assets, Current‖ is linked. Include paragraphs and/or glossary terms in the same Subtopic as well as paragraphs and/or glossary terms in other Subtopics. Problem P1: Navigate to Codification paragraph 852-10-50-7, then: a. Display the XBRL elements that reference the paragraph and its subparagraphs. Scroll down to the bottom of the displayed list of XBRL elements. b. Follow the ―Basis of Financial Statement Presentation in Chapter 11‖ link that is associated with subparagraph (c)(1). Observe that you arrive at the page for Section 852-10-75. c. Scroll down the Section 75 page to the XBRL element ―Basis of Financial Statement Presentation in Chapter 11.‖ d. Follow the link to the glossary term that is referenced by the XBRL element. State the glossary term’s definition. e. Use your browser program’s ―Back‖ button to return to the page for Section 85210-75. Lesson 16: Working with XBRL Elements 164 f. Cite the paragraph located in a Subtopic other than 852-10 that is referenced by the XBRL element ―Basis of Financial Statement Presentation in Chapter 11.‖ g. Follow the link to the paragraph you cited in item ―f‖ above. The paragraph states that if an entity’s accounting principles and methods involve any of the three particular items that are listed in the paragraph, the entity’s disclosure of accounting policies shall encompass those accounting principles and methods. What are the three particular items? Lesson 16: Working with XBRL Elements 165 LESSON Providing Feedback on the Codification 17 Lesson Scenario Omar is enrolled in a Master of Accounting degree program. His schoolwork often requires him to use the System. Omar occasionally has questions or comments about specific Codification paragraphs and glossary-term definitions. He submits his questions and comments to the FASB using the System’s content-related feedback feature. Omar...
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This note was uploaded on 03/27/2014 for the course ECON 12586 taught by Professor Yorambarzel during the Fall '09 term at University of Washington.

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