FAQs — XBRL U.S. GAAP Certificate Program
 

1. What is the XBRL U.S. GAAP Certificate Program?

An online training program, specially designed to help accountants and others to build the knowledge needed for the creation and review of XBRL financial statements using the U.S. GAAP Taxonomy. All companies that file financial statements with the Securities and Exchange Commission (SEC) are required to submit XBRL Exhibits along with their filings using the U.S. GAAP Taxonomy. This program has been developed jointly by XBRL U.S. and the AICPA.


2. Why should I participate?

Certificate holders will learn how to create XBRL formatted financials using the U.S. GAAP taxonomy. The program will provide participants with a solid understanding of how to work with the U.S. GAAP Taxonomy for SEC reporting including tagging financials, detailed footnotes, validation, extensions, managing release versions and best practices. This knowledge and these skills are necessary for those responsible for financial reporting regardless of whether the XBRL tagging process is performed within a company or outsourced to a service provider.


3. Is the Certificate program available to both CPAs and other accounting professionals who are not CPAs?

Yes. The courses that comprise the XBRL U.S. GAAP Certificate Program curriculum are available for CPAs, CAs and other accounting professionals who do not have one of these credentials or their equivalent.


4. What level of knowledge should I possess prior to starting the Certificate program?

All individuals pursuing the XBRL U.S. GAAP Certificate of Educational Achievement should possess a base knowledge of U.S. GAAP financial reporting.


5. What course topics are included in the curriculum?

The certificate program will include a total of 26 required modules, including: 10 Fundamental modules, 3 Statement modules, and 13 Footnote Tagging Specific Disclosure modules (which provide tagging examples for an array of different footnote disclosures). An additional 9 Footnote Tagging modules will be included with the certificate program as optional modules. These will not be required to earn the certificate since they apply to special topic areas that may not be relevant to all XBRL practitioners but will be available to all who purchase the program. In total, the program will provide approximately 35-401 CPE hours at an intermediate level. All modules are listed below. All modules will be approximately 50-minutes long and provide individual CPE credit upon successful completion of the end-of-module exam. Some modules may be longer than 50 minutes, as required by the depth or complexity of the content, with a maximum length of 2 hours.

Course Topic

XBRL Fundamentals: Understanding XBRL (3 parts)
XBRL Fundamentals: Understanding the U.S. GAAP Taxonomy
XBRL Fundamentals: Reviewing and Validating an XBRL Document, SEC Submission
XBRL Fundamentals: Creating the Extension Taxonomy
XBRL Fundamentals: Transitioning to a New Release of the Taxonomy
XBRL Fundamentals: Using the SEC Edgar Filer Manual (2 parts)
XBRL Fundamentals: Building the Instance Document
XBRL Statements: Cash Flow, Income Statement, Balance Sheet
XBRL Statements: Statement of Stockholders Equity
XBRL Statements: Comprehensive Income Statement
XBRL Footnote Tagging: Pensions
XBRL Footnote Tagging: Debt
XBRL Footnote Tagging: Property Plant and Equipment
XBRL Footnote Tagging: Commitments and Contingencies
XBRL Footnote Tagging: Business Combinations
XBRL Footnote Tagging: Investments: Debt, Equity Securities, Equity Method Investments
XBRL Footnote Tagging: Goodwill and Intangible Assets
XBRL Footnote Tagging: Share-Based Payments
XBRL Footnote Tagging: Income Taxes
XBRL Footnote Tagging: Discontinued Operations and Disposal Groups
XBRL Footnote Tagging: Earnings Per Share
XBRL Footnote Tagging: Segment Reporting
XBRL Footnote Tagging: Fair Value Measures and Disclosures
XBRL Footnote Tagging: Derivative Instruments and Hedging Activities
XBRL Footnote Tagging: Investments, Equity Method and Joint Ventures
XBRL Footnote Tagging: Reorganizations
XBRL Footnote Tagging: Leases
XBRL Footnote Tagging: Related Party Disclosures
XBRL Footnote Tagging: Transfers and Servicing
XBRL Footnote Tagging: ARO and Environmental Remediation Obligations
XBRL Footnote Tagging: Industry-Specific Disclosures
XBRL Footnote Tagging: Schedule of Investments


6. What other resources are included with the certificate program?

A key part of the value proposition of the XBRL U.S. GAAP certificate program is its promise of preparing participants for the real-world application of XBRL tagging. Participants will be offered the opportunity to practice applying their new XBRL knowledge and skills in a simulated real-world environment. XBRL software providers have participated in the development of the XBRL U.S. GAAP Certificate Program and have provided interactive simulations to correspond with examples presented in each of the XBRL Footnote Tagging modules using their tools. Each required XBRL tagging footnote module will offer participants this interactive simulation.


7. How long will it take me to complete all of courses of the XBRL U.S. GAAP Certificate Program?

This varies from individual to individual and is completely dependent upon the time the participant allocates to completing the coursework. We currently plan that a commitment of approximately 401 hours typically will be required for most individuals to successfully complete the program.


8. What period of time do I have to complete the entire curriculum?

Once you enter the program you have twenty-four (24) months from the date of purchase. You are encouraged to complete the program within a twelve (12) month period or less.


9. Once I complete the curriculum and obtain my XBRL U.S. GAAP Certificate of Educational Achievement, is there a time period for which it is “active?”

No. The XBRL U.S. GAAP Certificate is not a professional credential or license. It is evidence of successful completion of a required course curriculum as of a point in time. As a result, it has no period for which it is deemed “active” or in-force.


10. Am I required to obtain a certain number of CPE credits annually for the Certificate to remain current and active?

No. The XBRL U.S. GAAP Certificate is not a professional credential or license. It is evidence of successful completion of a required course curriculum as of a point in time. As a result, it has no period for which it is deemed “active” or in-force.


11. If I am a CPA, will I receive CPE credit toward my CPA license if I take this program?

Yes, all the courses in the XBRL U.S. GAAP Certificate program will qualify for CPE credit. The AICPA is a NASBA-approved provider of CPE.


12. How many credits of CPE will I receive if I earn the Certificate?

Completing the curriculum will result in earning approximately 401 credits . All of these credit hours will qualify for CPE credit and can count toward meeting your state’s CPE requirements.


13. Will the CPE credit satisfy my requirements for CMA, CIA or other certifications?

The courses in the XBRL U.S. GAAP Certificate program will be classified as Accounting for purposes of granting CPE credits. As with other AICPA courses that are approved for other certifications, we fully expect the XBRL U.S. GAAP Certificate courses will satisfy those requirements. To be certain, please check with the organization that issues your CMA, CIA or other certifications.


14. If I am unable to complete the entire XBRL U.S. GAAP Certificate Program, will I receive CPE credit for the courses I do complete?

Yes. The courses are offered individually, so you will earn NASBA QAS CPE credit for each course you take and successfully complete the exam. You are not required to complete the entire program to earn CPE credit. However, you must successfully complete the exam for all required courses in the entire program in order to receive the XBRL U.S. GAAP Certificate of Educational Achievement.


15. I have prior experience in working with XBRL. Will I be allowed to test out of certain courses while still earning the certificate?

Actual completion of the courses is required to earn the XBRL U.S. GAAP Certificate. CPE credit is being awarded for the courses, and the CPE standards do not allow for “testing out of” a course as a way to earn credit.


16. Is the entire program fixed, or are their elective courses I can select from in earning the certificate?
17. If I register and pay for the entire program, and subsequently find that I cannot complete it, will I receive a partial refund?

We offer a 30-day money-back guarantee if for any reason you are not 100% satisfied with the program; however, program fees will be refunded on a pro-rata basis and, if there are courses where the exam has been completed and CPE credit has been granted, the full retail value for the course(s) will be deducted from the refund amount.

The program is designed for maximum efficiency for the learner. The modules are available in e-learning, allowing the individual to schedule training at their convenience. And, while the recommended time for completion is twelve months, the maximum time for completion is two years. These features should make it easy for an individual to complete the program.


18. What are the systems requirements for the e-learning portion of the program?

Please review the information on the System Requirements tab for this product for complete information on minimum operating system and browser requirements.


19. How much does the program cost?

The cost to complete the entire program depends on whether you are a member of the AICPA or XBRL U.S. or a non-member. All fees are payable upon registration. XBRL US members who are not members of the AICPA should contact XBRL US for the discount promotion code. to use when purchasing the course.
Program fees, AICPA/XBRL U.S. member: $1,495 USD
Program fees, non-member: $1,895 USD


20. I am already proficient in XBRL but would like to learn more about a few select topics that are specific to my job. Can I purchase individual titles in the XBRL U.S. GAAP Certificate Program separately?

Yes. Courses in the Certificate Program may be purchased individually. However, those who take only selected modules will not be eligible for the Certificate. The prices for individual courses are $115 for AICPA/XBRL U.S. members and $143.75 for non-members.


21. When will I receive a hard copy of my certificate?

The Certificate of Educational Achievement will be printed and mailed within a few weeks after completion of the required courses.


[1] CPE credits are estimated at this time and will be confirmed after pilot testing is completed.