Sino Ka Dyan?
There are times when the same line item is reported with different label descriptions under different documents, but the value is reported as same. In such case, we could choose to find the exact number matches and stitch the labels together. What kind of stitching is this?
Value-based stitching
If PSs, SRAs or anyone from SCAR sent a Knowledge Check, Pop Up Quiz or Surprise Test. I am oblige to take the questionnaire within ___________?
The set deadline or EOS
:D :D
For prelim reports, we can use the _____ as basis in considering the diluted SPS
Final document
Tiktok: Social media personality Esnyr Ranollo recently published series of videos showcasing High School ganaps. What is the name of the character who always covers his mouth with his handkerchief and is describe as "quiet and observant"?
Andrei
Riddle: Isiniksik bago kinalabit, ospital ang sinapit
Baril
If the company presents partial information (e.g. they only show Diluted EPS, but not Basic; or the only show EPS but not shares) or no information at the bottom of the Income statement, then we need to go and find the information in the document's ______, _______ and ___________? Answers should be in correct order of prioritization.
a. Earnings per share note
b. Financial highlights or any other table formats
c. Notes to financials (text format)
In the third quarter of 2009, management identified an error relating to an unintentional under-accrual of certain operating expenses. As a result, operating results for the first two quarters of 2009 and the fourth quarter of 2008 were revised to reflect the recognition of additional non-interest expense. Net income for the three months ended June 30, 2009, March 31, 2009 and December 31, 2008 was reduced by $2.1 million, $2.5 million and $1.7 million, respectively, reflecting increases in other non-interest expense of $3.1 million, $3.5 million and $2.7 million for the respective periods. With this, what should be the restatement reason?
Error in Reporting
In the recent Maris Racal and Anthony Jennings cheating issue, the former instructed the latter to ______, but missed to follow
delete message
True or False: There are instances where a Standard Timeslice (ORG) discussing the financial statements of a company is unavailable for a particular period but is included within the proforma or current (standard) document as a recap time slice. For such cases, based on the requirement (scope of the collection), collect the historical information from the proforma or current document, and set the time slice as ORG
False, it should be prospectus or current document.
Label descriptions are very important in As Reported as they represent the data at company level. Hence, we always need to collect a label that will best define the ___________________________
history as well as the current period
True or False. Do not convert a header to the parent, if the child components has different unit types as that of parent(converted header).
True
Riddle: Pagkagat ng madiin, naiwan ang ngipin.
Stapler
In certain cases, XBRL values are reported in actual numbers, where as same value would have scaled up in HTML format of the document. What should be the collection procedure?
Collect the as reported values from XBRL document.
What is the middle name of our team leader?
Manalo
If a plane crashes on the border between the United States and Canada, where do they bury the survivors?
Survivors aren't buried
Do we remove repeated words reported either in FLA translated labels or as reported labels (Ex: Cost of of goods sold, etc.)?
Yes, we should remove because it is incorrect.
When a company reports different period length and type over a period. For e.g. In latest document company reported Meta in Months and historically reported in Quarters. Which period length and type need to be prioritized?
Follow the Meta from the latest interim for all Interim periods (cumulative and non-cumulative separately) and from latest Annual for all annual periods
Differentiate FN & SD
SD - any additional information that is not part of the MTMW hierarchy
FN - Information reported within the standard line item; Information reported at end of the statement or within the statement for which a note or an indication is available for the standard line item
Complete the sentence:
Hindi kita pinipilit mag-stay, kaya kung aalis ka, ________________
Sama ako
Company reported label as ‘Asset impairment charges, in XBRL whereas in historical records label reflects as ‘Impairment of long lived assets’. What should be the proper label?
Follow the label as per the latest document as “Asset impairment charges”
Guess the animal
Tiger
True or False. Not required to flip the values of line items that are attached with ‘X’ attribute.
True
In case the company reported a header with multiple child records and has a total for all the child records with a label description that has a similar meaning as that of a header, in such case also ___________ the header as both header and the total gives the same meaning. If they both have, different meaning (financially) ___________ the header and convert to parent
delete; retain
How many tile of hierarchy set up guideline do we have? Enumerate.
Hierarchy Set - Up
Company Level
Totals on Top
Adj & WC Changes
Additional Information within the statement
Information next to the statement
EPS & WAS
Header with single line item
Other reporting
Maintenance Updates
Can we make changes to the as reported descriptions (English) which has a value?
Yes, we can do amendments to the asreported descriptions, if they are grammatically incorrect or incomplete such as adding hyphens (-), removing words like ‘for’, ‘to’