FASB’s US GAAP Accounting Standards Codification now includes linking to XBRL elements.
As their PDF Notice to Constituents explains:
In addition to Codification references and electronic links embedded in XBRL elements in the U.S. Financial Reporting Taxonomy, the FASB includes functionality related to those XBRL elements on the Codification website. The Codification provides a list of all U.S. Financial Reporting Taxonomy XBRL elements that contain an electronic link to a Codification paragraph. The XBRL element labels displayed in the Codification electronically link to additional information about the element including the XBRL element name and all Codification paragraphs referenced by the element.
In addition to paragraph level access to XBRL elements, Codification Section 75—XBRL Elements contains a list of all XBRL elements that reference a paragraph in that specific Subtopic. As a result, users now will be able to view XBRL elements associated with specific paragraphs or Subtopics. Having the elements available within the Codification will help preparers of XBRL financial statements identify XBRL elements that might need to be considered within their XBRL financial statements. For example, if an entity applies the disclosure requirements in paragraph 310-10-50-15, they will be able to identify easily the U.S. Financial ReportingTaxonomy XBRL elements associated with that paragraph.
It’s also important to note that:
The Codification’s archive feature retains all versions of the content. The combination of the archive feature and the formatting of electronic links to specific versions of Codification content allows users of a specific taxonomy to access the authoritative standards in existence at the release date of that taxonomy.
Tags: FASB
