What is US GAAP taxonomy?
The US GAAP Taxonomy refers to the collection of eXtensible Business Reporting (XBRL) tags used by companies for labeling the financial data that makes up financial reports and other allied disclosure statements. The US GAAP taxonomy delineates the concepts existing within a group.
What is taxonomy in USA?
Taxonomy is the science of naming, describing and classifying organisms and includes all plants, animals and microorganisms of the world.
What is the difference between GAAP and US GAAP?
IFRS is a globally adopted method for accounting, while GAAP is exclusively used within the United States. GAAP focuses on research and is rule-based, whereas IFRS looks at the overall patterns and is based on principle. GAAP uses the Last In, First Out (LIFO) method for inventory estimates.
Where can I download US GAAP?
The Financial Accounting Standards Board (FASB) provides free online access to the Accounting Standards Codification and is the only authoritative source for US GAAP.
What is XBRL used for?
XBRL, or eXtensible Business Reporting Language, is an XML standard for tagging business and financial reports to increase the transparency and accessibility of business information by using a uniform format.
Is taxonomy code same as NPI?
A taxonomy code is a unique 10-character code that designates your classification and specialization. You will use this code when applying for a National Provider Identifier, commonly referred to as an NPI.
How do I find my taxonomy code?
To find your taxonomy code:
- Visit the NPPES NPI Registry.
- Enter your NPI Number into the field.
- Click Search.
Does US use IFRS or GAAP?
International Financial Reporting Standards (IFRS) – as the name implies – is an international standard developed by the International Accounting Standards Board (IASB). U.S. Generally Accepted Accounting Principles (GAAP) is only used in the United States.
Which is the US GAAP reporting taxonomy for 2020?
The 2020 US GAAP Financial Reporting Taxonomy (Taxonomy) contains updates for accounting standards and other improvements since the 2019 Taxonomy as used by issuers filing with the U.S. Securities and Exchange Commission (SEC). US GAAP Financial Reporting Taxonomy release details Namespace (all elements): http://xbrl.fasb.org/us-gaap/2020
What are the US financial reporting taxonomy for 2017?
The 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). The EDGAR System has been upgraded to support the 2017 US GAAP, Country, Currency, Exchange and NAICS taxonomies.
Which is XBRL rules are included in US GAAP financial reporting taxonomy?
Links to XBRL US DQC rules which are included with the US GAAP Financial Reporting Taxonomy. A view of the 2019 SEC Document and Entity Information (DEI) Taxonomy is provided for user convenience. The SEC Document and Entity Information (DEI) Taxonomy was updated on June 29, 2020 and is provided for user convenience.
Is the SEC document and entity information taxonomy updated?
A view of the 2019 SEC Document and Entity Information (DEI) Taxonomy is provided for user convenience. The SEC Document and Entity Information (DEI) Taxonomy was updated on June 29, 2020 and is provided for user convenience. The 2020 US GAAP Financial Reporting Taxonomy has not been updated to include the 2o2o DEI Taxonomy.