The primary objective of the proposed style guide is to:

• aid taxonomy staff in evaluating the presentation and disclosure requirements of the FASB Accounting Standards Codification (ASC)
• define the appropriate role and format of the reference related to elements included in the GAAP Financial Reporting Taxonomy (GRT) and the SEC Reporting Taxonomy (SRT) (collectively known as the GAAP Taxonomy) due to existing requirements and amendments to the ASC in an Accounting Standards Update (ASU).

The information in this guide includes useful recommendations, but users looking for guidance concerning compliance with the SEC’s XBRL filing requirements should refer to the EDGAR Filer Manual and other resources available on the SEC’s website.

New FAQ Questions

The FASB staff also updated FAQ Question 2.20, which provides guidance on tagging the value of the useful lives of leasehold improvements regarding property plant and equipment when stated as lease terms.

Requested Feedback Topics

Commenters should consider the following questions when submitting their feedback to the FASB:

1. Do you find this proposed Guide useful? If not, what additional improvements would you propose?
2. Should any of the sample language or additional considerations for assigning a reference role listed in Section 2.2 be removed? If yes, what would you propose?
3. Is there additional guidance that you believe would be useful in determining the reference role for the elements found in the FASB ASC that you would include? If yes, what would you propose?
4. Are there any other types of references other than those listed in Section 3 whose format you would find useful to have? If yes, what are the types?

Organizations and individuals may submit comments related to the proposed reference style guide via email to xbrlguide@fasb.org by March 17, 2023.

Source:

FASB Proposed GAAP Taxonomy Reference Style Guide (fasb.org)