This preview shows page 1. Sign up to view the full content.
Unformatted text preview: esson 10. In many cases, a standard setter will prescribe how reporting entities must make the
transition from implementing prior Codification content to implementing updated content.
Such transition guidance is included in the Codification and typically prescribes special
accounting and/or reporting provisions concerning the transition.
Given different fiscal year-ends, the ―Pending Content‖ boxes must remain in the
system for a period of time sufficient for all entities to obtain the authoritative guidance that
applies to their circumstances. After that period of time, the original content is removed and
the pending content no longer appears as pending. This is known as ―rolling off.‖ When
updated content is no longer treated as pending, it becomes the new current content, and any
content that is superseded as a result of the update is archived within the System (as
explained in Lesson 8).
For each Codification Section other than Sections 20 and 75, the current content and
pending content will both appear wherever paragraph-level content is displayed (for example,
on the DOCUMENT tab of individual Section pages in the System). Pending content within
Glossary Sections is explained in Lesson 9.
Pending content is identified as such within the text of the Codification. In the
System, pending content within Sections other than Sections 20 and 75 is displayed at the
paragraph level in a box having a blue ―Pending Content‖ header as shown in this example: Observe the ―Transition Date‖ and ―Transition Guidance‖ citation in the ―Pending
Content‖ box. Lesson 7: Working with Pending Content 72 XBRL Elements
To date, pending
content has not
been included in
Sections. Look Now ACCESSING TRANSITION GUIDANCE
Each ―Pending Content‖ box in the System contains a link to the applicable transition
guidance. The link can be found near the top of the ―Pending Content‖ box (see the
illustration above). The text of the link is the numeric c...
View Full Document
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.
- Fall '09