Get the free Taxonomy Guide - XBRL US

XBRL US Contractor Taxonomy 2019Taxonomy Guide Version 1.0April 11, 2019Prepared by: Michelle Savage XBRL US, Inc. Contributors: Campbell Pride Kristen Sharpe XBRL US, Inc. Crowe Notice: Authorized

How to fill out taxonomy guide - xbrl

How to fill out taxonomy guide - xbrl

1. Start by familiarizing yourself with the XBRL taxonomy guide.
2. Understand the purpose of the taxonomy guide, which is to provide a standardized framework for classifying financial and business data.
3. Review the available taxonomy elements and categories that are relevant to your specific reporting needs.
4. Determine the appropriate labels and definitions for the taxonomy elements based on your organization's reporting requirements.
5. Map the financial data from your organization's financial statements to the corresponding taxonomy elements.
6. Validate the accuracy and completeness of the mapping by conducting thorough testing and review.
7. Document the mapping process and make it available for future reference.
8. Regularly update the taxonomy guide to accommodate any changes in reporting requirements or financial data classification.

Who needs taxonomy guide - xbrl?

1. Regulatory bodies and authorities: They require companies to use taxonomy guides in order to ensure consistent and standardized reporting of financial data.
2. Financial analysts and investors: They rely on taxonomy guides to better understand and analyze financial statements of different companies.
3. Accounting and reporting professionals: They use taxonomy guides to prepare accurate and relevant financial reports that comply with regulatory standards.
4. Companies and organizations: They need taxonomy guides to classify their financial data in a consistent manner and ensure compliance with reporting requirements.
5. Researchers and academics: They may use taxonomy guides for data analysis and research purposes.

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What is taxonomy guide - xbrl?

Taxonomy guide - xbrl is a standardized taxonomy for XBRL (eXtensible Business Reporting Language) that helps in categorizing financial and business data for reporting purposes.

Who is required to file taxonomy guide - xbrl?

Companies that are required to submit financial reports in XBRL format to regulatory authorities are required to file taxonomy guide - xbrl.

How to fill out taxonomy guide - xbrl?

Taxonomy guide - xbrl can be filled out using XBRL software that allows for tagging financial data with appropriate taxonomy elements.

What is the purpose of taxonomy guide - xbrl?

The purpose of taxonomy guide - xbrl is to standardize the classification and tagging of financial information to facilitate easier analysis and comparisons.

What information must be reported on taxonomy guide - xbrl?

The information reported on taxonomy guide - xbrl includes financial data such as balance sheets, income statements, cash flow statements, and other relevant financial information.