The Financial Accounting Standards Board (FASB) has published two proposed Taxonomy Implementation Guides (Guides) based on the 2021 U.S. GAAP Financial Reporting Taxonomy (Taxonomy), which is currently under consideration by the Commission. The first proposed Guide, Dimensional Modeling for Disclosures of Consolidated and Nonconsolidated Entities, provides examples to help Taxonomy users understand the dimensional modeling for disclosures of consolidated and nonconsolidated entities within the Taxonomy. The second proposed Guide, Accounting Changes, provides examples to help Taxonomy users understand how the modeling for the reporting of the transition upon adoption of amendments from an Accounting Standards Update or other accounting changes is structured within the Taxonomy.

The public comment period for Dimensional Modeling for Disclosures of Consolidated and Nonconsolidated Entities will end on March 3, 2021. The public comment period for Accounting Changes will end on March 12, 2021. Comments should be submitted directly to the FASB. The SEC staff encourages filers, investors, analysts, software service providers, and other interested parties to participate in this public review to continue to improve the process for creating and using XBRL-structured financial statements.