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Q - Postings have been made to account 88 and the default description of Discounts received has been changed to Royalties on the chart of accounts. When the iXBRL accounts are generated the notes show Royalties but the report item hasn’t been tagged. A Concept Label is available within the taxonomy for Royalty, licences and similar receivables, how can this be tagged globally for all clients to use?
A – Select Setup | Accounts Chart, select chart and Amend | iXBRL Tags
Click OK to group structure choice for UK.
Go to Notes to Financial Statements | G41 – Other operating income | A88 – Royalties
This will show Royalties (instead of Discounts received) as in this example that is the current description on the chart of accounts for account 88.
The Report Items section is then populated and shows Report Items – Concept Labels and Dimensions Linked. This indicates that any changes made to either Concept Label and/or Dimensions will be applied to all report items shown.
Select the Report Item with Description of Current year, note the Mapping Control to the right of the screen appears blank. Click the magnifying glass next to the Concept Label field and select the concept Royalty, licence and similar receivables. Click Save at the top of the Mapping Control.
When prompted, answer Yes to apply the change to any linked items (this then makes the same change to the Last year report item).
The Report Items section will now show both occurrences of the report item showing the details just selected.
The Context Reference will differ as the report items relate to different years.
Where any client has a posting to account 88 this tag will now be applied to the report item automatically when generating iXBRL accounts.
Note: If the Concept Label is not appropriate to a specific client, this can simply be overwritten at Client Level via the Tag Editor. This will then take precedence over the Custom chart level tag.
Q – Postings have been made to “Tangible Fixed Assets” account 526 and the default description of Computer equipment has been changed to Boats on the chart of accounts.
Additionally postings have been made to account 526/4 and the default description of account 526/4 – Grants and 512/4 have been changed to Other increase/decrease on the chart of accounts.
The Tangible Fixed Asset note within the Notes to the Financial Statements uses the description of sub-accounts on account 512 for the movement within the table, which is why account 512/4 has been changed as well as 526/4.
The size of company is Medium.
When the iXBRL accounts are generated the Tangible Fixed Assets note within the notes to the Financial Statements shows the column heading as Boats with a movement (row) of Other increase/decrease which hasn’t been tagged.
Other movements under the column Boats have been tagged but when reviewed are using the Dimension of Tangible fixed asset classes which is set to Computer equipment.
i) How can the movement of Other increase/decrease be tagged globally for all clients to use?
AND
ii) How can this and the other movements under the same column be set to Boats instead of Computer equipment for all clients?
A – Select Setup / Accounts Chart / [select chart] / Amend / iXBRL Tags
Click OK to group structure choice for UK.
i) To change the Concept Label go to Notes to Financial Statements / G430 – Tangible fixed assets / Asset movements – cost or valuation / A512/4 – Other increase/decrease
This will show Other increase/decrease (instead of Grants) as in this example that is the current description on the chart of accounts for account 512/4.
The Report Items section is then populated and shows Report Items – Concept Labels Linked. This indicates that any changes made to only the Concept Label will be applied to all report items shown. Any changes made to Dimensions will only be applied to the selected report item (as the report items are not linked by Dimension with eachother).
All occurrences of the report item linked for iXBRL purposes will appear and show a Description, this will indicate each account for which sub-account 4 applies e.g. 512, 513, 514 etc including any ‘Totals’ and which use the description of account 512/4 on the report.
The other columns will show N/A as no mapping currently exists for sub-account 4 on any asset account.
Select the Report Item with Description of Current year – account 512/4, note the Mapping Control to the right of the screen appears blank. Click the magnifying glass next to the Concept Label field and select the concept Tangible fixed assets, other increase (decrease). Select Save at the top of the Mapping Control.
When prompted, answer Yes to apply the change to any linked items (this then makes the same change to all the other report items listed). As above, only changes to the Concept Label will be applied.
The Report Items section will now show all occurrences of the report item showing the Concept Label details just selected.
The Context Reference will differ as some report items relate to different years.
Where any client has a posting to sub-account 4 on a Tangible Fixed Asset account, this tag will now be applied to the report item automatically when generating iXBRL accounts.
If the Concept Label is not appropriate to a specific client, this can simply be overwritten at Client Level via the Tag Editor. This will then take precedence over the Custom chart level tag.
ii) To change the Dimension go to Notes to Financial Statements / G430 – Tangible fixed assets / Asset headings – Full disclosure / A526 - Boats
This will show Boats (instead of Computer equipment) as in this example that is the current description on the chart of accounts for account 526.
The Report Items section is then populated and shows Report Items – Dimensions Linked. This indicates that any changes made to only the Dimension will be applied to all report items shown.
All occurrences of the report item linked for iXBRL purposes will appear and show a Description, this will indicate each sub-account for which account 526 applies e.g. /1, /2, /3 etc including any ‘Totals’.
The Dimension column will show the current default Dimension set for account 526 (e.g. shows Computer equipment).
Select the Report Item with Description of Current year – account 526/1, from the Dimension Control click the magnifying glass next to the Dimension Property, plant and equipment classes [Dimension] and select the members Vehicles, plant and machinery > Vehicles > Boats. Select Save at the top of the Dimension Control.
When prompted, answer Yes to apply the change to any linked items (this then makes the same change to all the other report items listed).
The Report Items section will now show all occurrences of the report item showing the Dimension details just selected e.g. Boats.
Where any client has a posting to account 526, this Dimension will now be applied to the report item automatically when tagged within the iXBRL accounts.
If the Dimension is not appropriate to a specific client, this can simply be overwritten at Client Level via the Tag Editor. This will then take precedence over the Custom chart level setting.
To confirm the Dimension member has been applied to the movement Other increase/decrease go to Notes to Financial Statements / G430 – Tangible fixed assets / Asset movements – cost or valuation / A512/4 – Other increase/decrease and select the item Current year – account 526/2 – Dimension column now shows 3. Boats.