Error message when creating custom units
AnsweredHello,
We have a few items tagged with a line item concept that has a pure ItemType. Previously, the unit that we used for these tags was VEFUSD, which is a ratio measure where the numerator is the VEF unit (Bolivar Fuerte) and the denominator is the USD unit.
On 8/20/18, Venezuela transitioned to a new currency, the Bolivar Soberano. I'm trying to update the unit for these tags to be for the new currency, but I am running into issues. I've tried to make several different custom units, but I keep receiving an error message that says, "The concept type for this fact has an allowable set of units governed by the XBRL Unit Type Registry. In order to correct this issue please edit the unit for this fact and ensure that the measure is valid."
It doesn't appear that an official Bolivar Soberano unit exists in the XBRL unit type registry, so I tried to make a custom Soberano unit but that doesn't seem to be working. Has anybody had success with custom units or have an idea of what I might be doing wrong?
Thanks
We have a few items tagged with a line item concept that has a pure ItemType. Previously, the unit that we used for these tags was VEFUSD, which is a ratio measure where the numerator is the VEF unit (Bolivar Fuerte) and the denominator is the USD unit.
On 8/20/18, Venezuela transitioned to a new currency, the Bolivar Soberano. I'm trying to update the unit for these tags to be for the new currency, but I am running into issues. I've tried to make several different custom units, but I keep receiving an error message that says, "The concept type for this fact has an allowable set of units governed by the XBRL Unit Type Registry. In order to correct this issue please edit the unit for this fact and ensure that the measure is valid."
It doesn't appear that an official Bolivar Soberano unit exists in the XBRL unit type registry, so I tried to make a custom Soberano unit but that doesn't seem to be working. Has anybody had success with custom units or have an idea of what I might be doing wrong?
Thanks
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Hi Chris,
Great questions. I think I can help shed some light on what you are seeing.
The reason you are seeing this is because the Unit Type Registry (UTR) that is accepted by the SEC was last updated in 2017, so you are correct in not being able to find the new currency. One alternative you could do is to covert the value to a currently accepted currency, i.e. something like VEF, but in terms of what VES would represent if that makes sense. So you would essentially "convert" the value to the previous currency you were using and do a ratio of VES (new) to VEF (old). Does that make sense?
Hope that helps. If you have any questions on the above, let me know. Thanks as always and chat with you soon. Cheers!0
Hi Mike,
Thank you for your response. I think I follow what you're saying but I want to confirm. Essentially, we would enter the value in VEF and set the XBRL unit to VEF, but then show the value in the document in VES equivalent. Is that correct?
The issue I'm running into with doing this is that 1 VES = 100,000 VEF. So when I enter the source value in VEF of 100,000 and want to show it in the VES equivalent, there's no "shown in" option for hundred-thousands. Do you know of a way to work around this?
Thanks again for your help, it is much appreciated.0
Sorry for the delay in getting back with you.
Unfortunately, without direct access to your project, I don't know a suitable workaround off hand. Your CSM would be in a better position to assist here, as well as some support form our Professional Services Team. I'd suggest giving them a holler to set up some time to address this tagging nuance.
Let me know if you have any additional questions for me in the meantime, or need anything else. Thanks, and have a great day!0Please sign in to leave a comment.
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