Thoughts on Summary Reporting Contextual Data (SRCD) Module of XBRL GL

Some issues / suggestions with the Summary Reporting Contextual Data (SRCD) Module of XBRL GL :-

Mapping / Linking of Ledger Accounts to XBRL Financial Statements Line Items in Journal Entries – Issues therewith

Reclassification due to change in nature (Debit or Credit) of the period-ending Net Balance of the account

The Summary Reporting Contextual Data (SRCD) Public Working Draft (PWD 2) illustrates a single (1) <SummaryReportingElement> for every Ledger Account. However, in a number of factual instances the grouping of account in the Financial Statement depends upon the nature (Debit or Credit) of period-ending Net Balances of the Account.

For example – Depending upon the GAAP Terminology,

Group of Accounts Summary Reporting Element in case of DEBIT BALANCE Summary Reporting Element in case of CREDIT BALANCE
Bankers Cash with Banks Loans from Banks-Term Loans, Cash Credit, Overdrafts, etc
Financers Loans & Advances Loans Received
Customers Accounts Receivables AcceptancesAdvances from Customers
Suppliers Deposits or Advances to Suppliers Accounts Payable

Existing SRCD instances does not figure in the possibility of Reclassification of Ledger Accounts to different / another <SummaryReportingElement> owing to a change in the nature of period-ending Net Balance of the Ledger Account.

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One thought on “Thoughts on Summary Reporting Contextual Data (SRCD) Module of XBRL GL

  1. Clarification received from Gianluca Garbellotto, XBRL GL:

    In reality, mapping the same account to different [summaryReportingElement] depending on the accounting sign (debit/credit) can be easily achieved by leveraging the [debitCreditCode].

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