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XBRL - Extensible Business Reporting Language, xbrl business reporting, xbrl news, xbrl article discussion, Tool – Accountability Central
XBRL – INTERACTIVE FINANCIAL REPORTING IS HERE!
Are you ready? XBRL is almost here…interactive data could fundamentally change corporate financial reporting, financial research and analysis, and investors’ views of companies they own
SEC invests $50+ million in effort to develop standards; XBRL US, Inc. guiding USA efforts to broad issuer adoption
XBRL –it’s eXtensible Business Reporting Language
If you have not yet learned about XBRL, our advice is: do it quick! The use of XBRL as a powerful analytical tool for analysts, investors and others is coming our way.
XBRL is going to be widely used in non-USA capital markets countries and regions – in the EU, for example, and in Japan – and recently, a number of US issuers have been voluntarily using XBRL for reporting, and more analysts and investors are looking to interactive data to analyze corporate business and finances in great detail.
The interactive data standard in the news today is XBRL – eXtensible Business Reporting Language -- a powerful, global technology standard for how data is created, distributed and analyzed. XBRL has been adopted for EDGAR e-filings on a voluntary basis by a number of well-known issuers including 3M Company, Dow, General Electric, Lockheed Martin, Microsoft, PepsiCo, and United Technologies. As use of XBRL becomes more widespread, demand for adoption is increasing with investors, analysts, and other data users looking for more issuers to adopt the standard.
Could XBRL be mandated? Stay Tuned – the SEC is on the case!
Latest on XBRL Mark Up Language for Corporate Reporting
April 23, 2013 Citi Publishes First Ever XBRL Dividend Message Over DTCCSource: Herald Online
Citi, The Depository Trust & Clearing Corporation (DTCC) and XBRL US today announced that Citi has begun sending XBRL-formatted dividend announcements related to ADRs for which it is the depositary bank to DTCC through The...
April 10, 2013 Investors Propose Requiring Sustainability Data DisclosureSource: Bloomberg
A group of investors April 8 proposed a standard requiring companies to disclose environmental and social data in annual financial filings in order to be listed on global stock exchanges.A global sustainability listing standard...
April 3, 2013 FASB Issues XBRL Guide on OCISource: Accounting Today
The Financial Accounting Standards Board has released a new implementation guide for the Extensible Business Reporting Language. This guide, the fifth in a series, focuses on modeling other comprehensive income transactions in...
March 25, 2013 FASB Offers XBRL Implementation Guides for InsurersSource: Accounting Today
The Financial Accounting Standards Board has added three new implementation guides to its series on using Extensible Business Reporting Language, or XBRL, interactive data tags in financial statements.
March 21, 2013 The XBRL FactorSource: CFO
Few CFOs can enjoy the process of filing their companies’ financials using eXtensible Business Reporting Language, or XBRL. But many have concluded it is a job best done in-house, according to a recent study by Financial...
Source: Australian Financial Review
The local accounting profession supports a push to mandate the government’s Standard Business Reporting (SBR) scheme for financial reporting to the corporate regulator that would force listed companies to invest in XBRL...
March 12, 2013 XBRL: seldom used but more SEC FAQSSource: Lexology
This CFO.COM article indicates finance executive make little use of the SEC’s XBRL filings. In fairness I would say that SEC registrants felt the same about EDGAR when it first came out, but look at its utility today. So maybe...
February 26, 2013 What Activists Can Learn From Occupy Wall Street
Beyond Chron - In 1999, huge crowds of activists clogged Seattle streets and shut down the meetings of the îWorld Trade Organizationî (WTO). In 2003, millions took to the streets to protest the U.S. invasion of Iraq,...
February 12, 2013 FASB Issues XBRL Implementation Guide for Subsequent EventsSource: HeraldOnline
The Financial Accounting Standards Board (FASB) recently issued its U.S. GAAP Financial Reporting Taxonomy Implementation Guide—Subsequent Events. The guide is the first in a series of XBRL Implementation Guides, which are...
Source: Science Daily
In 2009, the Securities and Exchange Commission mandated that public companies submit portions of annual (10-K) and quarterly (10-Q) reports -- in a digitized format known as eXtensible Business Reporting Language (XBRL). The...
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