Frequently Asked Questions
The following is a summary of the most frequently asked questions about the XBRL Cloud USFAC Dashboard. Many of these questions refer you to the terminology page. It is generally very helpful to have a good understanding of the terminology before using the dashboard.
- What is the USFAC Dashboard?
- What does "Processing" mean in the USFAC Dashboard?
- What do the darker blue columns of the USFAC Dashboard mean?
- What does an "OK" mean in a green cell of the XBRL Cloud Dashboard columns?
- What does a number mean in an orange cell of the XBRL Cloud Dashboard columns?
- What is the difference between the XBRL Cloud Viewer and the XBRL Cloud Evidence Package?
The USFAC Dashboard provides an analysis of Fundamental Accounting Concepts as defined by Charles Hoffman. This analysis can be used by a filer to help them ensure that the filing complies with U S GAAP (not just XBRL). Alternatively, analysts and investors can use this analysis to âalignâ statements and disclosures, and to determine which fact values might be suspect.
Filings are received every day by the EDGAR system. Toward the end of a filing period many, many filings are submitted on the same day. "Processing" means that the XBRL Cloud USFAC Dashboard is working on the filing and that processing of that filing has not yet been completed.
The darker blue columns indicate sets of business rules which are used to verify the Fundamental Accounting Concepts of an EDGAR XBRL financial filing. The individual columns mean the following:
- Enitity of Focus - Rules which check to make sure that dates and dimensions are specified in such as way as to make it possible to locate facts on the Primary Financial Statements.
- Balance Sheet - A set of rules that verify that a Balance Sheet is fundamentally internally consistent and looks like a Balance Sheet.
- Income Statement - A set of rules that verify that a Income Statement is fundamentally internally consistent and looks like a Income Statement.
- Statement of Comprehensive Income - A set of rules that verify that a Statement of Comprehensive Income is fundamentally internally consistent and looks like a Statement of Comprehensive Income.
- Cash Flows - A set of rules that verify that a Cash Flow Statement is fundamentally internally consistent and looks like a Cash Flow Statement.
- % Pass - The percentage of rules that pass the Fundamental Accounting Concepts tests for a given filing.
"OK" in a cell indicates that the EDGAR filing passes all automated verification rules for that set of business rules.
An orange cell indicates that for that set of rules (indicated by the column heading); the system has detected a rule that requires manual verification. Specifically, the system has located values or properties that might need to be updated. However, the system can't definitively say that the value or property is "wrong." The number of items to review is indicated by the number within the orange cell.
Both the XBRL Cloud Viewer and Evidence Package provide the same information. The advantage of the Viewer is that the application is dynamic; you can change the view of the rendering. Also, searching for information is significantly easier due to the nature of the application. The Evidence Package is a set of HTML files, not an application. The Evidence Package provides exactly the same information, but the views are not dynamic, you cannot change them. Finally, the Evidence Package can be archived and used without any application other than a commonly available web browser.