Digital reporting of an accounting change or error

The tagging checklist starts with statement facts: concept, period, unit, decimals, balance, revision reason, and comparative context. It then evaluates the standard taxonomy and any necessary extension. The FASB implementation guide illustrates possible modeling but does not dictate one statement design.

A tag that says “error correction” while the note says “change in estimate” is a release failure, not a taxonomy nuance. Duplicate facts with inconsistent values, signs, periods, or dimensions likewise return to the accounting and disclosure owners before filing.

Tag the accounting conclusion

The note requirements remain the starting point. For example, ASC 250-10-50-7 requires an entity that restates statements to say that it did so and to describe the error. Digital facts should carry that same route and period meaning.

A standard taxonomy element is useful only when its definition and presentation match the reported fact. An extension may be needed for an entity-specific fact, but it cannot repair a weak accounting conclusion. Review rendered statements, facts, contexts, and calculation relationships together. This concept covers that final mapping, not the accounting decision that precedes it.