XBRL tags are aligned to FASB Accounting Standards Codification

08/5/2009 | JournalofAccountancy.com

The Financial Accounting Standards Board and XBRL US have unveiled an updated XBRL U.S. GAAP Taxonomy that uses the FASB Accounting Standards Codification to consolidate thousands of pronouncements into about 90 accounting topics. The updated taxonomy is effective for interim and annual periods ending after Sept. 15, 2009. For more information about XBRL, visit the AICPA Web site.

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