DOCSLIB.ORG

XBRL UK Detailed Tagging Information Version 1.0, 1 May 2011

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
XBRL UK Detailed Tagging Information Version 1.0, 1 May 2011 XBRL UK Detailed Tagging Information Version 1.0, 1 May 2011 XBRL UK Detailed Tagging Information Version 1.0, dated 1 May 2011 Summary This document provides information and advice on detailed tagging issues arising from the use of the XBRL UK accounts taxonomies, dated 2009-09-01. It supplements the XBRL UK Preparers and Developers Guide, which provides general rules and guidance on the creation of financial reports in XBRL, and examples of XBRL tagging, published by XBRL UK. Users of this document should already be familiar with the main principles of reporting in XBRL and the UK taxonomies. The document is primarily aimed at those involved in manual tagging of accounts and at developers of software for creating reports in XBRL or analysing XBRL data. The purpose of the document is to: a. Explain the use of particular tags and features in the taxonomies which may cause difficulties. b. Explain ambiguities, gaps or errors in the taxonomies and describe tagging solutions to these problems. c. Answer frequently asked questions raised by users about particular tags or features. This document emphasises and elaborates on some rules and principles of tagging set out in the Preparers and Developers Guide. It does not supplant any of those rules and nor is it a substitute for that Guide. Preparers and developers should be familiar with the content of the Guide. It contains separate sections for general issues, the directors’ report, auditors’ report and UK GAAP and IFRS-specific information. The document may be updated periodically to cover newly raised issues and questions. Status This version is for general publication. It reflects comments on an earlier draft circulated to directly interested parties. Comments are welcome and should be directed to [email protected]. Copyright © XBRL UK Ltd 2011, all rights reserved Page i XBRL UK Detailed Tagging Information Version 1.0, 1 May 2011 TABLE OF CONTENTS 1. Introduction .................................................................................................................................. 1 2. Organisation of the document ................................................................................................... 2 3 Compulsory tags and entity and business report information ............................................... 3 4 General tagging points ............................................................................................................... 4 5 Data entry ................................................................................................................................... 10 6 Directors information and report ............................................................................................. 12 7 Auditors and accountants information and report ................................................................ 14 8 UK GAAP .................................................................................................................................... 15 GAAP – General points ........................................................................................................ 15 GAAP – Directors information .............................................................................................. 15 GAAP – Profit & Loss Statement and notes......................................................................... 16 GAAP – Balance Sheet and notes ....................................................................................... 17 GAAP – Cash Flow Statement and notes ............................................................................ 18 GAAP – STRGL and pensions ............................................................................................. 18 GAAP – Accounting policies ................................................................................................ 18 GAAP – Notes to Profit & Loss ............................................................................................ 19 GAAP – Notes to Balance Sheet ......................................................................................... 21 GAAP – Financial instrument risks ....................................................................................... 23 GAAP – Share capital note .................................................................................................. 24 GAAP – Pensions note......................................................................................................... 24 GAAP – Other notes............................................................................................................. 25 9 UK IFRS ...................................................................................................................................... 27 IFRS – General points .......................................................................................................... 27 IFRS – Income Statements and notes ................................................................................. 28 IFRS – Balance Sheet and notes ......................................................................................... 29 IFRS – Cash Flow Statement and notes .............................................................................. 29 IFRS – Notes on income ...................................................................................................... 29 IFRS – Notes on assets and liabilities .................................................................................. 30 IFRS – Financial instrument risks ........................................................................................ 32 IFRS – Notes on equity ........................................................................................................ 33 IFRS – Employee benefits note ........................................................................................... 33 IFRS – Pensions note .......................................................................................................... 33 IFRS – Related parties note ................................................................................................. 34 IFRS – Other notes .............................................................................................................. 34 10 Charities ..................................................................................................................................... 35 CHAR – General points ........................................................................................................ 35 CHAR – Notes ...................................................................................................................... 35 11 Detailed points for developers ................................................................................................. 36 12 Dimensions – further information ............................................................................................ 37 13 Groupings / tuples – further information ................................................................................ 38 14 Predefined value items ............................................................................................................. 39 APPENDICES ....................................................................................................................................... 40 A. Glossary .................................................................................................................. 40 B. References .............................................................................................................. 41 C. Document History .................................................................................................... 41 E. Intellectual Property Status ..................................................................................... 41 Copyright © XBRL UK Ltd 2011, all rights reserved Page ii XBRL UK Detailed Tagging Information Version 1.0, 1 May 2011 1. Introduction This document provides information and advice on detailed tagging issues arising from the use of the XBRL UK accounts taxonomies, dated 2009-09-01. It supplements the XBRL UK Preparers and Developers Guide, which provides general rules and guidance on the creation of financial reports in XBRL, published at www.xbrl.org/uk/TechGuidance/, and examples of XBRL tagging published at www.xbrl.org/uk/TechSamples/. Users of this document should already be familiar with the main principles of reporting in XBRL and the UK taxonomies. This document is primarily aimed at: Those involved in manually tagging financial statements using the UK accounts taxonomies. Those providing training or other forms of guidance for taggers of accounts. Developers of software which creates accounts in XBRL. This includes accounts production software as well as software which supports manual tagging in any form. Consumers of XBRL data and those who create software for analysing XBRL data. The purpose of the document is to: a. Explain the use of particular tags and features in the taxonomies which may cause difficulties. b. Explain ambiguities, gaps or errors in the taxonomies and describe tagging solutions to these problems. c. Answer frequently asked questions raised by users about particular tags or features. This Detailed Tagging Information (DTI) document emphasises and elaborates on some rules and principles of tagging set out in the Preparers and Developers Guide. It does not supplant any of those rules and nor is it a substitute for that Guide. Preparers
Load more

Recommended publications
  • Capital/Fixed Assets Depreciation Schedule Updated: February 2021
    Kentucky Department of Education Munis Guide Capital/Fixed Assets Depreciation Schedule Updated: February 2021 Capital/Fixed Assets Depreciation Schedule Office of Education Technology: Division of School Technology Services Questions?: [email protected] 1 | P a g e Kentucky Department of Education Munis Guide Capital/Fixed Assets Depreciation Schedule Updated: February 2021 OVERVIEW The Fixed Assets Depreciation Schedule provides a listing of asset details that were depreciated for the report year as posted from the Fixed Asset module for the report year. Asset descriptions and depreciation details are included such as estimated life, number of periods taken for the year, first and last year periods of depreciation and acquisition cost; all to assist auditors in verifying the depreciation calculation and amounts. The report also includes assets that have been fully depreciated but have a balance remaining of Life-To-Date accumulated depreciation for the reported year. The asset amounts are reported as posted from the Fixed Asset history detail records generated from the Fixed Asset module and does NOT include amounts generated from General Journal Entries. The Depreciation Schedule pulls from two different Fixed Asset sources: 1. Fixed Asset Master File Maintenance 2. Fixed Asset history records The Fixed Asset Master File Maintenance or Asset Inquiry is where the actual asset master records reside; where assets are added and maintained. Key fields and amounts such as the asset Acquisition cost field, Asset Type (Governmental or Proprietary), Class and Sub-class codes are pulled from the asset master file for the Depreciation Schedule. It is vital that these key fields are accurate and tie to the fixed asset history records.
    [Show full text]
  • Learn Debits and Credits
    LEARN DEBITS AND CREDITS Written by John Gillingham, CPA LEARN DEBITS AND CREDITS Copyright © 2015 by John Gillingham All rights reserved. This book or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the publisher except for the use of brief quotations in a book review. TABLE OF CONTENTS Introduction .................................................................................................... 6 More Resources .............................................................................................. 7 Accounting Play – Debits & Credits ......................................................... 7 Accounting Flashcards ............................................................................ 7 Free Lessons on Podcast and Downloads ................................................ 8 Intro to Debits and Credits .............................................................................. 9 Debits and Credits Accounting System .................................................... 9 The Double Entry System ........................................................................11 Different Account Types..........................................................................12 Debits and Credits Increases and Decreases ...................................................15 Increases and Decreases .........................................................................15 Debits and Credits by Account ................................................................16
    [Show full text]
  • Qad Fixed Assets
    QAD FIXED ASSETS ell-managed assets are essential for predictable yet agile production Wand profit for manufacturers. CFOs know that fixed asset spend is a material item on the balance sheet and a key attribute of company valuation, but also that fixed assets are mainly purchased to support revenue generation. CFO and Fixed Asset managers also are keenly aware that fixed assets auditors consider assets a key compliance item. Effective fixed asset accounting and reporting is imperative to a manufacturer’s success. Unfortunately, fixed assets accounting and reporting tools and processes often require special handling, which interferes with accuracy and timeliness. Some fixed assets accounting solutions do not capture and report on the complete “acquire to retire” asset life cycle, which is necessary to produce accurate financial statements and to meet auditor requirements. Some solutions fail to streamline accounting flows for asset activation and transaction processing, and lack built-in compliance processing for accounting and tax regulations. In addition, fixed assets accounting choices are often made without considering the importance of integration with other systems-of-record, like core financials, enterprise asset management and ERP. As regulations and auditor requirements change, and as assets turn over and the asset mix modifies, Fixed Asset managers need to respond rapidly and effectively to changes, but may be impeded by ineffective accounting and reporting tools. HOW SHOULD A FIXED WHAT ARE THE RISKS WHAT ARE THE BENEFITS OF
    [Show full text]
  • Department of Education Internal Audit Fixed Assets Management
    Department of Education Internal Audit Fixed Assets Management Review Issue Date: April 2015 Report Number: FY2015-04 Department of Education Fixed Assets Management Review Executive Summary AUDIT OF: DATE: AUDIT RATING: Fixed Assets Management Review Fieldwork performed Acceptable [ ] November 2015 – April 2015 Marginal [ X ] Unacceptable [ ] INTRODUCTION: In connection with the Department of Education’s (DOE) Updated Risk Assessment and Internal Audit Plan approved on August 5, 2014, Internal Audit (IA) performed a “Fixed Assets Management Review.” The purpose of this project was to review the adequacy of current Fixed Asset Management policies and processes as they relate to tracking and monitoring, recording and reporting, and disposing of fixed assets within the Accounting Services Branch (ASB); and to provide recommendations based on leading practices to improve the efficiency and effectiveness of fixed asset management. BACKGROUND: Hawaii Revised Statutes (HRS) 103D-1205 Internal Control requires that “The head of the department, or the head of any board, commission, agency, bureau, or office of the State and any county having the care, custody, or control of any state property is responsible for maintaining an adequate system of internal control to ensure the accountability, safekeeping, maintenance, and proper use of state property and verify that the internal control system continues to function effectively as designed.” Chapter 8 of the Financial Management System User Policy and Process Flow Guide (FMS User Guide) states that equipment is any property with a unit cost of two hundred fifty dollars ($250.00) or more and with an expected life of one (1) or more years. Equipment may be purchased, donated, or transferred from another school/state office.
    [Show full text]
  • Cash Flow Statement Loss on Disposal of Fixed Assets
    Cash Flow Statement Loss On Disposal Of Fixed Assets Ganglier Krishna dislocate, his veldskoen dogmatises wits unsmilingly. Payoff and serous Bartholomeus bronzes her household fraternizes while Dominique dispensing some footlights flickeringly. Leighton often adjudicated venturously when cabbalistic Hubert enabled sexually and drags her corallines. Meet our experts suggest the statement on of cash flow from your review the change in a single entry Depreciation expense and financing activities of cash flow from program revenues and if the profit before registering for a cash and how to become a pdf file. Now remember that are welcome to running of cash statement on disposal fixed assets which case. what kind of mistake is gain or stride on sale the asset? This fixed assets on our use in one year balance of. How is fixed assets disposal of statement of assets: no loss in losses on home store, increasing operating income. Codjia received from investing or the double accounting, the performance of a firm during the payments on cash disposal fixed assets of statement no resale market value for depreciation impacts the cash receipt. Depreciation expense as discussed above cash balances, the statement on of cash flow growth matches growth rate. If asset on fixed assets is one statement of flows from a loss. What else can be on disposal sale is one statement are cash? This loss on disposal of flows from operating losses? In the information available webcasts an. Accrued expenses on machinery and statement on cash disposal fixed assets of cars and nonoperating cash flow statement of. This reflects an asset account for loss statement on of cash flow from accrued expenses reduced to be obtained in investments and inflow from the cash has long proved a date.
    [Show full text]
  • Fixed Asset Guide
    FIXED ASSET GUIDE For Financial Reporting Purposes CAFR Group, State Auditor’s Office—June 24, 2008 FIXED ASSET GUIDE Objective To assist with the accounting for and reporting of the State's assets including new building construction and improvements in conformity with Generally Accepted Accounting Principles and in principal with Governmental Accounting Standards Board Statement 34. Policy Governmental Accounting Standards Board (GASB) Statement 34 requires that all capital assets be reported in the government‐wide balance sheet net of accumulated depreciation if applicable. Each agency is responsible for reporting accurate, complete, and timely capital asset information to the State Auditor’s Office (SAO) annually. The CAFR Group of SAO is responsible for compiling the capital asset information from agencies for inclusion in the State's Comprehensive Annual Financial Report. Capital Asset Definitions and Guidelines Capital assets are tangible and intangible assets acquired for use in operations that will benefit more than a single fiscal period. Typical examples are land, improvements to land, easements, water rights, buildings, building improvements, vehicles, machinery, equipment, works of art and historical treasures, infrastructure, and various intangible assets. (Land associated with infrastructure should be reported as land rather than as part of the cost of the related infrastructure asset). A capitalized asset is a capital asset that has a value equal to or greater than the capitalization threshold established for that asset
    [Show full text]
  • VIII. Accounting for Fixed Assets and Capital Projects__ A. Overview
    VIII. Accounting for Fixed Assets and Capital Projects__ A. Overview: Property Accounting, a unit within the Controller’s Office, is responsible for ensuring that the University’s property standards are adhered to and for maintaining RIT’s asset recordkeeping system which includes capital equipment, land, buildings, and building and site improvements. Objectives: In this chapter you will learn about: • what capital equipment is • purchasing and recording capital equipment purchased on a purchase order, Digital Den, and gifts-in-kind • special requirements regarding equipment purchased with federal funds • how capital equipment purchases are funded • recording changes and retirements of equipment inventory • what information is retained in the Oracle Asset recordkeeping system • physical inventory procedures • procedures for handling surplus equipment • Oracle Assets’ inquiry and reporting features • what capital construction/improvement projects are • how expenses on capital projects are tracked and funded B. Property Standards 1. The federal Office of Management and Budget (OMB) provides property standards for institutions of higher education that receive federal funding. 2 CFR 200.313 states that: a. The Property Accounting system must ensure adequate safeguards to prevent loss, damage or theft of equipment. b. All capital equipment must be insured. c. Physical inventories must be conducted periodically, minimally at least every two years. 2. RIT Property Accounting develops and administers specific policies and procedures regarding acquisition and disposal of capital equipment. Introduction to Accounting at Rochester Institute of Technology: RIT Accounting Practices, Procedures and Protocol Chapter VIII: Accounting for Fixed Assets and Capital Projects Revised November 2019 1 C. Definition of Capital Equipment 1. Capital equipment (including furniture and furnishings) is defined as tangible personal property (moveable) with a cost per unit of at least $5000, including acquisition costs of delivery and installation, and a useful life of more than one year.
    [Show full text]
  • Ee Rr Vv Ii Cc Ee Ss
    S S E E C C I I V V R R E E S S OUNTYWIDE IXED SSETS Y Y C F A R Auditor andAuditor Controller R AUDIT O O S S FINAL AUDIT REPORT I I V V D D A A & & S S T T I I D D U U A A F F O O Chief of Audits: James L. Pelletier, CIA, CICA E E Senior Audit Manager: Tom Philipp, CIA, CCSA C C Supervising Senior Auditor: Laura Flores, CIA, CFE, CGAP I I Auditor II: Tatiana Foster, CPA F F F F County ofCounty San Diego O O Report No. A11-010 November 2011 Intentionally Left Blank Office of Audits & Advisory Services Report No. A11-010 INTRODUCTION Audit Objective The Office of Audits & Advisory Services (OAAS) completed an audit of Countywide Fixed Assets Administration. The objective of the audit was to determine existence, completeness, and accuracy of fixed assets (FA or assets) reported by County departments, and to determine compliance with County FA policies. Background The County of San Diego (County) Administrative Manual, Item No. 0050-02-1, Control of Capital Assets and Minor Equipment (Admin Manual) identifies the various classes of assets owned by the County, outlines the controls necessary to account for such assets, and defines departments’ responsibilities. These responsibilities include identifying, recording, valuing, and safeguarding of these assets, as well as filing results of physical inventory counts, and submitting required forms.1 The Oracle Fixed Asset Module (OFAM) is the system of record for fixed assets details, location, and accountability.
    [Show full text]
  • 55.100 Fixed Asset Accounting
    55.100 Fixed Asset Accounting Office: Business Services Procedure Contact: Director of Business Services Related Policy or Policies: Noted within procedure statement Revision History Revision Change: Date: Number: 001 Update content and format 2-17-2017 A. Purpose The following procedure provides for the consistent accounting of capital assets and serves as a reference for answering questions relating to capital assets. Capital assets comprise tangible property (also known as fixed assets, personal property and real property) and intangible property that are recorded as assets in the accounting records. The capital assets may be depreciated or amortized in the accounting records. This procedure pertains to the accounting for tangible capital assets. A separate, related procedure exists for the accounting of intangible assets (See Fiscal Procedure Manual 55.115). SOU seeks to ensure that the policies and procedures related to purchasing and accounts payable are documented, communicated, clearly understood, and consistently applied. B. Definitions Fixed assets: Tangible assets that last more than one year. Examples include land, buildings, equipment, vehicles, vessels, etc. C. Procedures APPLICATION OF FIXED ASSET ACCOUNTING PROCEDURES Although the accounting theory of capitalizing and depreciating fixed assets is conceptually straightforward, applying the theory in practice gives rise to several complications that must be addressed: Overwhelming Number of Fixed Assets: Capitalizing and depreciating every one of SOU's fixed assets is impractical. To make the accounting theory practical, SOU has "capitalization thresholds," relating to specific dollar values, above which a fixed asset is capitalized (recorded as an asset) and depreciated over multiple years, and below which a fixed asset is fully expensed in the year of purchase.
    [Show full text]
  • Introduction to Accounting
    Introduction to Accounting Christi Schaefbauer, CPA, SFO Instructor About the Instructor… - Certified Public Accountant for 16 years - 6 years in public accounting (auditing, financial reporting & taxes) - 11 years in governmental accounting - In charge of various state government and local government audits with an emphasis on School Districts - Served as a school business manager for over 5 years - Certified Administrator of School Finance and Operations Basic Governmental Accounting/Bookkeeping NCES – National Center for Education Statistics Provides and interprets comprehensive statistics about the condition of education Basic Governmental Accounting/Bookkeeping NDSFARM – North Dakota School District Financial Accounting and Reporting Manual 1) Provide a structure to permit Local School Agencies (LEAs) to demonstrate prudent use of funds. 2) Supply the means for collecting the financial data necessary to examine comparability of educational outcomes at the local level. 3) Meet the many demands of the education community for accountability in terms of educational programs. 4) Be consistent with generally accepted accounting principles (GAAP) advocated by the National Council on Governmental Accounting Basic Governmental Accounting/Bookkeeping NDSFARM – North Dakota School District Financial Accounting and Reporting Manual NDCC 15.1 – 02 -08 “the Superintendent of Public Instruction shall implement a uniform system for accounting, budgeting, and reporting of data for all school districts in the state” Fund Accounting & GAAP Christi Schaefbauer, CPA, SFO Instructor FUND A fund is its own entity that requires its own set of books and has special requirements specific to that fund. Fund Accounting Three fund classifications Governmental Proprietary (Enterprise & Internal Service) Fiduciary (Trust & Agency Fund Accounting Seven “fund types” Governmental 1.
    [Show full text]
  • XBRL Formula Requirements
    XBRL INTERNATIONAL PUBLIC WORKING DRAFT XBRL Formula Requirements Public Working DRAFT of Tuesday, 20 April 2004 This file: Formula-Req-PWD-2004-04-20.doc Updates the public working draft originally posted at: http://www.xbrl.org/tr/2002/XBRL-Rule-Base-Req-WD-2002-11-16.doc Editors Name Contact Affiliation Walter Hamscher1 [email protected] Standard Advantage Contributors Geoff Shuetrim [email protected] KPMG LLP David vun Kannon [email protected] KPMG LLP Status of this document This is a public working draft whose circulation is unrestricted. It may change and is not appropriate to reference from public documents. Comments should be directed to the editor and/or contributors by e-mail. Recipients of this draft are invited to submit, with their comments, notification of any relevant patent rights of which they are aware and to provide supporting documentation. Table of contents Editors.......................................................................................................................1 Contributors ...............................................................................................................1 Status of this document ...............................................................................................1 Table of contents.........................................................................................................1 1 Motivation (non-normative) ...................................................................................2 2 Use cases ...........................................................................................................4
    [Show full text]
  • Fixed Asset Procedures
    FIXED ASSET PROCEDURES It is the policy of St. Norbert College to maintain accurate and complete records of Fixed Assets held and to capitalize and depreciate them according to appropriate accounting requirements. Once an asset’s cost is capitalized, it will be depreciated proportionately over the estimated useful life of the asset. For financial statement purposes fixed assets include: Land Campus Buildings Other Campus Buildings Leasehold Improvements Equipment and Furniture Library Collections Leased Equipment Campus Improvements Construction in Progress * Art Collections are categorized as Other Assets for financial statement purposes. There are two major objectives in maintaining the inventory system. First is the accurate recording of assets within the accounting system, and second, the accurate recording of assets for insurance coverage. The task of maintaining the inventory is the responsibility of the Finance Department. CAPITALIZATION CRITERIA To be considered for capitalization, and thus subject to depreciation, an asset must fulfill these characteristics: The asset must be acquired (purchased, constructed, or donated) for use in operations, and not for investment or sale. The asset must have a useful life of at least one year. For renovations or improvements that add to the value of the asset, the improvements must fulfill at least one of the following criteria: The useful life of the asset is increased. The productive capacity of the asset is improved. All assets considered for capitalization must meet the following dollar thresholds in addition to the criteria above. The thresholds represent the dollar value at which an asset is capitalized. Purchases less than the dollar value threshold should be treated as expenses in the current year.
    [Show full text]