Reporting+Rules

=Reporting Rules= Reporting rules are business rules which articulate what must be reported. These are sometimes called reportability rules.

A disclosures checklist is an articulation of reporting rules.

Note that this is a breakdown of the US GAAP Taxonomy components (the reorganized version) which shows, by topic, then by [Table] the components.

The following is a breakdown of reporting rules:
 * **//Presentation of financial statements//**
 * Balance sheet is required to be reported
 * Balance sheet must be a classified balance sheet, unless it is industry practice to provide an unclassified balance sheet
 * Income statement is required to be reported
 * Cash flow statement is required to be reported
 * May use the direct or indirect method
 * Statement of changes in equity must be reported
 * Comprehensive income must be reported
 * //**Organization**//
 * Name of reporting entity must be provided
 * If there are differences between the economic entity and legal entity must be disclosed
 * //**Consolidation**//
 * //**Significant Accounting Policies**//
 * //**Basis of Reporting**//
 * Accounting Changes
 * If a change in accounting policy has occurred then the nature and justification for the change must be reported
 * If a change has occurred in the reporting entity, the nature of the change, reason for the change, effect of change on net income before extraordinary items for all periods presented must be reported
 * Use of Estimates
 * Prior Period Adjustments
 * Changing Prices (Hyperinflation)
 * Earnings Per Share
 * Financial Instruments
 * Interim Reporting
 * Risks Uncertainties
 * Segment Reporting
 * Specialized Activities
 * Discontinued Operations
 * //**Financial Statement Accounts**//
 * Cash and Cash Equivalents
 * If restricted cash exists, then amounts of restricted cash amounts must be segregated and classified according to the nature of the restriction.
 * If compensating balances exist, then the nature and amount of compensating balances must be disclosed.
 * If cash is reserved to settle long-term liabilities, then the amount of cash which will be used to settle long-term liabilities must be classifed as noncurrent.
 * If cash is reserved to aquire long-term liabilities, then the amount of cash which will be used to aquire long-term assets must be classified as current.
 * If cash is an overdraft, then that cash overdrafts must be classified as as a current liability
 * if uninsurred balances exist, then those uninsurred balances (concentrations of credit risk) must be disclosed
 * SEC: If foreign bank balances exist, then those foreign bank balances must be disclosed separately
 * Receivables
 * Debt and Equity Securities
 * Equity Method Joint Ventures
 * Investments - Other
 * Inventory
 * If inventory exists, then the components of industry must be disclosed. (Alternative, Alternative)
 * If inventory exists, then the basis of valuating inventory must be disclosed.
 * If inventory exists, then inventory policies must be disclosed. (See line 82 of the link)
 * If inventory exists, then the inventory flow assumptions employeed must be disclosed (i.e. FIFO, LIFO, etc.)
 * If inventory exists, then accounting principles peculiar to a reporting entity's industry must be disclosed.
 * If inventory exists and a portion of inventory is noncurrent, the noncurrent portion should be disclosed separately.
 * LIFO inventory reserve.
 * If inventory exists for long-term programs, they must be disclosed.
 * SEC: Level one inventory disclosures.
 * Deferred Costs
 * Property, Plant, and Equipment
 * Intangible Assets, Goodwill and Other
 * Payables
 * If payables exist, then amounts for trade, nontrade, and related parties must be disclosed separately
 * If call obligations exist, they must be disclosed.
 * Accruals
 * If income taxes payable exist, then the current portion and noncurrent portion must be disclosed.
 * If notes payable exist, then the descriptions of the note, classification of the note by type, description of assets used as security, interest rate, and aggregate maturities and maturities for the next five years must be disclosed.
 * If advances exist, they must be disclosed.
 * If deposits exist, they must be disclosed.
 * If compensation balances exist, they must be disclosed.
 * Other current liabilities
 * If liabilities are not recorded because the amounts could not be estimated, that fact must be disclosed.
 * Asset Retirement Obligations
 * Exit or Disposal Cost Obligations
 * Deferred Revenue
 * Contingencies
 * Commitments
 * Guarantees
 * Debt
 * Liabilities vs Equity
 * Equity
 * Revenue Recognition
 * Cost of Sales, Services
 * Compensation Related Costs, General
 * Stock Compensation
 * Post-employment But Pre-retirement Costs
 * Postretirement Pension Costs
 * Other Expenses
 * Research and Development Costs
 * IncomeTaxes
 * //**Broad Transactional Categories**//
 * Business Combinations and Reorganizations
 * Derivative Instruments and Hedging Activities
 * If derivatives and hedging instruments are used, then the hedging or trading objectives and policy must be disclosed
 * Consolidation
 * Financial Instruments Disclosure
 * Foreign Operations and Currency Translation
 * Interest
 * Leases, Operating
 * Leases, Capital
 * Leases, Sale and Leaseback
 * Nonmonetary Transactions
 * If a reporting entity had nonmonetary transactions then the nature of the transactions, gain or loss, basis of accounting for assets transfered.
 * If the nonmonetary transaction is an advertising barter transaction then the amount of revenue and expense recognized from the barter transaction must be reported and the volume and type of advertising surrendered or received that was not recognized in income must be reported (because the fair value was not determinable).
 * Related Party Disclosures
 * Subsequent Events
 * Unusual or Infrequent Items
 * Extraordinary Items
 * Transfers and Servicing
 * //**Other disclosures**//
 * Asset valuation allowances
 * Pledged and encumbered assets