Classic file types are going away in December 2020 with the end of Flash. To avoid interruption, start transitioning your files to next gen. Learn More

Reducing XBRL Extensions

Comments

1 comment

  • Mike

    Hi Megan,

    It's great to hear you are reviewing your extensions. Extensions are a key focus area in improving data quality. We definitely want to avoid extensions where we can, but it is important to clarify that there are certain sections of the taxonomy that expect extension Members. These Member extensions relate to specific parts of your company (i.e. name of your plan, name of the company you acquired, etc).

    Understanding the differences in the modeling for each section of the taxonomy as well as utilizing guidance (like the FASB implementation guides) can help clarify where extensions may still be appropriate. By studying each section of the taxonomy, we can bring that mapping and modeling approach into a filing.

    If we look at the section of the taxonomy in your example, we can see that the type of intangible is distinguished via axis/member (as opposed to integrating into line item concept).  

    Let me know if you have any questions. Thanks!

    0

Please sign in to leave a comment.