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Unformatted text preview: ults in a new version of the content. The version
superseded as a result of the update is then archived within the System. The archiving
process preserves a copy of the Codification content as it was before the update. Lesson 8: Working with Archived Content 77 The archiving process assigns a sequential version number to the newly current
version of the content at the Subsection level, while the newly archived version retains the
version number that had been assigned to it when it became current as shown in the image
from the Archive tab of Section 310-10-50 below: Roll Offs
Recall from Lesson 7
that the term roll off is
commonly used to
refer to a change in
the status of content
from pending to
current and/or to the
removal of current
content that is no
longer effective. Note: In the context of this lesson, “current” does not necessarily mean “effective.”
Thus, System users can easily follow the version history of Codification content becau se the
current version and all archived versions are distinctly identified and available through the
System. Because the archiving process also captures the date on which each version was
superseded, System users can easily determine what version of the Codification content was
current as of any particular date in the past after the formal adoption of the Codification as
the authoritative source of U.S. GAAP for nongovernmental entities on July 1, 2009.
Versions of both FASB Sections and SEC Sections are created as described above.
However, versions of Subsections of FASB Sections are created separately from versions of
Subsections of SEC Sections. This is true even when there are corresponding FASB and SEC
Sections within the same Subtopic. For example, Subtopic 310-10 contains a Section 50 and
a Section S50, both titled Disclosure. Archive versions of of Section 50’s Subsections are
created independently from the archive versions of Section S50’s Subsections.
The archiving process works differently for Glossary Sections of the Codification, as
explained in Lesson 9. Lesson 8: Working with Archived Content 78 XBRL Elements
To date, the a...
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- Fall '09