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HOT TOPIC: XBRL - Extensible Business Reporting Language, xbrl business reporting, xbrl news, xbrl article discussion, Tool – Accountability CentralXBRL – 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! To read the full introduction to XBRL click here Comments from Accountability-Central Users
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...More Information    Latest on XBRL Mark Up Language for Corporate ReportingMarch 11, 2010 SEC Adds New XBRL FAQs, More C&DI UpdatesSource:Cmpliance WeekCompanies and their counsel should take note: The Securities and Exchange Commission had added some new Frequently Asked Questions and updated some staff interpretations that you’ll want to take a look at. March 8, 2010 XBRL : a matching challenge towards simplificationSource:EurActiveToo few finance professionals have sufficient knowledge of eXtensible Business Reporting Language (XBRL) – a tool designed for the digital communication and presentation of financial and business data – which is why FEE (The... March 4, 2010 Is XBRL The Key To Escaping Small Cap Hell?Source:ReadWriteWeb.comSmall cap hell is where you end up in about six months after your IPO, when all the high fives and champagne have receded into a distant memory. Unless your company is big enough. How big is big enough? According to Investopedia,... February 23, 2010 MCA to implement XBRL for all cos from 2011Source:Myiris news.comThe ministry of corporate affairs (MCA), Government of India (GoI) has resolved to implement Extensible Business Reporting Language (XBRL) for all companies in India from 2011, reports Financial Express. Thus international... February 18, 2010 XBRL Backers Seek to Broaden TechnologySource:WebCPAXBRL International has released a discussion document to solicit input on how to develop Extensible Business Reporting Language with new capabilities in the future. February 16, 2010 XBRL International Seeks Broad Input on Discussion DocumentSource:Earth Times.comXBRL International, Inc., (XII) released “XBRL: Towards a Diverse Ecosystem” today, a Discussion Document seeking public comment on the future business requirements and technical roadmap for the XBRL business information... February 12, 2010 XBRL adds universal access to corporate reportingSource:QFinanceOne of the annoying things about printed documents in this electronic age is that you have to do quite a lot of work to turn them back into machine-useable form. This is particularly true of complex documents like a company’s... February 11, 2010 20th XBRL International Conference to Be Held in Rome, Italy on April 20-22, 2010Source:BusinessWireThe 20th XBRL International Conference "XBRL: Linking Businesses, Public Regulators & Citizens” is produced by XBRL International, Inc. and is hosted by XBRL Italy in cooperation with XBRL Europe. February 9, 2010 Financial Accounting Foundation to Maintain XBRL Taxonomy for U.S. GAAPSource:Jopurnal of AccountancyThe Financial Accounting Foundation announced it will take on responsibility for the ongoing maintenance of the XBRL U.S. GAAP Financial Reporting Taxonomy. Its activities will focus on updating the taxonomy for changes in U.S.... February 2, 2010 FRC issues guidance on XBRLSource:Accountancy AgeThe Auditing Practices Board, part of the Financial Reporting Council has issued guidance for auditors on the use of XBRL. Richard Fleck, chairman of the APB and a director of the FRC said: “XBRL tagging of UK statutory financial... |
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