2012 U.S. GAAP Financial Reporting Taxonomy available for review and comments.

FASB has released the proposed 2012 U.S. GAAP Financial Reporting Taxonomy for public review and comment. The taxonomy is a list of computer-readable financial reportinq labels coded in XBRL, an open-source computer language that allows companies to tag precisely the thousands of pieces of financial data included in typical Long-form financial statements and related footnote disclosures. The proposed 2012 U.S. GAAP Financial Reporting Taxonomy contains updates for accounting standards and other recommended improvements to...