ASU Taxonomy Changes

Changes to XBRL elements contained in the U.S. GAAP Financial Reporting Taxonomy (Taxonomy) may result from Accounting Standards Updates (ASU) that amend the FASB Accounting Standards Codification® (ASC). These changes are not included in the development taxonomy or approved US GAAP Taxonomy Release until they become effective. Constituents are notified of changes to XBRL elements in the XBRL Appendix contained in each ASU and are directed to this page for instruction on providing comments on those changes.

If the proposed changes to the Taxonomy have been included in an XBRL Taxonomy Exposure Draft-ASU (indicated by “FR” in the Taxonomy Exposure Draft column), comments should be made through the FASB Online Review and Comment System. Constituents should be aware that the issuance of a draft ASU and the issuance of a XBRL Taxonomy Exposure Draft-ASU may not happen concurrently in all cases. In those cases, the date that the XBRL Taxonomy Exposure Draft-ASU is expected to be issued will be included in the table below in the Taxonomy Exposure Draft column.

If the proposed changes to the Taxonomy have been exposed by a different method, (indicated by “T” in the Taxonomy Exposure column) or there are no changes currently proposed but you believe that changes to the Taxonomy are required please provide your comments and suggested changes to xbrled@fasb.org.

The Following ASU Proposed Taxonomy Changes are currently available for comment:


PROPOSED TAXONOMY CHANGES AND SUPPORTING MATERIALS
ASU # and Title ASU
Status
Taxonomy Exposure
Draft
Taxonomy Implementation Guide XBRL Comment Deadline
Accounting Standards Update No. 2014-15—Presentation of Financial Statements —Going Concern (Subtopic 205-40) —Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern F T NA Closed
Accounting Standards Update No. 2014-14—Receivables—
Troubled Debt Restructurings by Creditors (Subtopic 310-40) —Classification of Certain Government-Guaranteed Residential Mortgage Loans upon Foreclosure
(a consensus of the FASB Emerging Issues Task Force)
F C NA NA
Accounting Standards Update No. 2014-13—Consolidation (Topic 810) —Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity (a consensus of the FASB Emerging Issues Task Force) F C NA NA
Accounting Standards Update No. 2014-12—Compensation—
Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period
(a consensus of the FASB Emerging Issues Task Force)
F C NA NA
Accounting Standards Update No. 2014-11—Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures F C NA NA
Accounting Standards Update No. 2014-10—Development Stage Entities (Topic 915)—Elimination of Certain Financial Reporting Requirements F C NA NA
Accounting Standards Update No. 2014-09—Revenue from Contracts with Customers (Topic 606) F TBD TBD  
Accounting Standards Update No. 2014-08—Presentation of Financial Statements (Topic 205): Reporting Discontinued Operations F C G2015 NA
Accounting Standards Update No. 2014-06—Technical Corrections and Improvements Related to Glossary Terms F C NA NA
Accounting Standards Update No. 2014-05—Service Concession Arrangements (Topic 853) (a consensus of the FASB Emerging Issues Task Force) F C NA NA
Accounting Standards Update No. 2014-04—Receivables—
Troubled Debt Restructuring by Creditors (Subtopic 310-40)—Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure
(a consensus of the FASB Emerging Issues Task Force)
F C NA  NA
Accounting Standards Update No. 2014-01—Investments—
Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects
(a consensus of the FASB Emerging Issues Task Force)
F C NA NA
Proposed Accounting Standards Update—Earnings Per Share (Topic 260) —Effects on Historical Earnings Per Unit of Master Limited Partnership Dropdown Transactions (a consensus of the FASB Emerging Issues Task Force) E T NA December 30, 2014
Proposed Accounting Standards Update—Fair Value Measurement (Topic 820) —Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (a consensus of the FASB Emerging Issues Task Force) E T NA December 30, 2014
Proposed Accounting Standards Update—Intangibles—
Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement
E T NA  December 30, 2014
Proposed Accounting Standards Update—Insurance Contracts (Topic 834) E TBD TBD  
Proposed Accounting Standards Update—Leases (Topic 842): a revision of the 2010 proposed FASB Accounting Standards Update, Leases (Topic 840) E TBD TBD  
Proposed Accounting Standards Update—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities E TBD TBD  
Proposed Accounting Standards Update—Financial Instruments—Credit Losses (Subtopic 825-15) E TBD TBD  
Proposed Accounting Standards Update—
Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items
E TBD TBD  
Proposed Accounting Standards Update—Inventory (Topic 330): Simplifying the Measurement of Inventory E TBD TBD  

Codes:

F A Final ASU has been issued.
E An Exposure Draft has been issued.
T Changes to the Taxonomy are available in a separate document.
FR
Changes to the Taxonomy have been included in a XBRL Taxonomy Exposure Draft-ASU.
C Changes are included in the 2015 Development Taxonomy. Comments should be made through the FASB Online Review and Comment System.
NC No changes to the Taxonomy have been proposed for this ASU.
NA Not applicable. Indicates that this item has not been issued in connection with the ASU.
TBD Date of document to be determined.
GXXXX Implementation Guide issued for XXXX Taxonomy.


ASU Taxonomy Changes Exposed for Comment in an XBRL Taxonomy Exposure Draft-ASU

An ASU Taxonomy Change may be accompanied by release notes and a human-readable XBRL document that incorporates the ASU element changes and provides an illustration of how those elements may be used to create XBRL documents.

The ASU Taxonomy Changes are exposed in a copy of the 2014 Development Taxonomy to provide context for the reader. These changes are identified with the label “Fragment Documentation Label” which identifies the relevant ASU and the nature of the change in a similar fashion to changes documented in the Taxonomy. The following are the types of changes documented in the label:
  1. New Element
  2. Modified References
  3. Modified Documentation Label. (which includes the original text for review purposes)
  4. Modified Standard, Period Start, Period End, or Total Labels
  5. Element Deprecated
  6. Element Undeprecated
  7. Modified Deprecated Label
  8. Modified Deprecated Date
“Shared Searches” are included to facilitate discovery of the changes. After applying the “Shared Search” and selecting “Highlight Matches” at the bottom of the screen, the filter highlights in pale yellow the relationships groups, presentation relationships, calculation relationships, and definition relationships that contain elements that are modified or added as a result of the amendments in the Update. An additional “Shared Search” is included that excludes modified relationships. Constituents may find this filter easier to use. As the constituent navigates through the taxonomy, all changes are highlighted in bright yellow.


THE TAXONOMIES AND SUPPORTING MATERIALS PROVIDED THROUGH THESE LINKS ARE FOR REVIEW PURPOSES ONLY AND ARE NOT TO BE USED OR RELIED UPON FOR ANY PURPOSES OTHER THAN FOR THIS REVIEW AND COMMENT. YOUR USE OF THE TAXONOMIES FOR THESE PURPOSES SHALL BE SUBJECT TO THE TERMS AND CONDITIONS LOCATED AT THE INITIAL LINK TO THE TAXONOMIES.