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Help choosing a tag for Cumulative effect of the change in accounting principle on the equity statement

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What tag should be used for the Cumulative effect of the change in accounting principle on the equity statement? This is related to the recent adoption of Revenue Recognition principle. The tag that I'm looking for is should have a duration type. I have found this one us-gaap:CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption, but it has an instant type, while I need a duration type. I'll have to create a custom tag, if no one suggests a better standard tag.
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Kommentarer

5 kommentarer

Dato Stemmer
  • Tim Schmitt
    We used the tag that you mention above.  I think instant type is correct since the cumulative effect is booked at a point in time.  We showed our statement of equity as follows:

    Balance, Jan. 1
    + Cumulative Effect...
    = Adjusted Balance, Jan. 1
    Regular activity


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  • John Muehe
    Hello Tamara, 

    In the cases I can think where there would be an impact on the Statement of Equity it would be a change in the beginning balance. As Tim suggested, it would be appropriate to have that an instant concept. If your situation is different, then a consultation may be needed to get a better idea of what the specific scenario entails.
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  • Tamara Hergert
    Thanks, guys! This is really helpful!
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  • Zach Raab
    So would this be a special date 1/1/XXXX tag?

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  • John Muehe
    Rather than using the start date of 1/1/XXXX, you should be using the prior period end date 12/31/XXXW.
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