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HOT TOPIC: 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!

To read the full introduction to XBRL click here

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Latest on XBRL Mark Up Language for Corporate Reporting


January 29, 2010 Regulators are champions of XBRL

Source:Financial Times

In the words of Graham Tilbury, business development manager at Thomson Reuters, “XBRL has been a solution looking for a problem for much of its life”.

January 25, 2010 Preparing for XBRL

Source:Association of Corporate Counsel

In January 2009, the Securities and Exchange Commission (the “SEC”) adopted Rule 405 under Regulation S-T which requires companies to file their financial statements in eXtensible Business Reporting Language (“XBRL”), in addition...

January 15, 2010 Most Companies Actively Preparing for XBRL, Survey Shows

Source:Journal of Accountancy

A majority of U.S. public companies that plan to file their financial statements in XBRL are actively preparing to do so and have at least a basic knowledge of the extensible business reporting language, according to a survey by...

January 7, 2010 XBRL International Announces Chethan Gorur, Director of Interactive Data at Trintech, as Chairman of the XBRL International Standards Board

Source:PR NewsWire

The Board of Directors and International Steering Committee of XBRL International are pleased to announce that they have approved the appointment of Chethan Gorur, Director of Interactive Data Services at Trintech, as Chairman...

January 5, 2010 More Expansion Plans for XBRL Reporting

Source:Compliance Week

XBRL technology may expand its reach in financial reporting even more in 2010, thanks to several efforts in Congress and the states to use XBRL as a means to reduce complexity in financial statements.

December 22, 2009 SEBI likely to make XBRL mandatory in MF sector

Source:MYiris.com

The Securities and Exchange Board of India (Sebi) is envisaging to make the extensible business reporting language (XBRL) technology mandatory for listed companies in the mutual fund sector, reports Financial Express

December 16, 2009 House backs e-standards for financial reports

Source:Nextgov.com

The House is pushing to simplify mandatory financial reports for companies receiving federal funds, by forcing agencies to collect the data in a uniform, searchable format

December 11, 2009 Terrifying water crisis faces India; most cities to run dry

Source:Rediff Business

By the year 2020, says a recent World Bank report, most major Indian cities will run dry. Given the state of the monsoon this year, it would appear that the World Bank report has come true almost a decade earlier

December 9, 2009 EDGAR Online's Unique XBRL Database and Analytics Platform

Source:Seeking Alpha

Swift notes that EDGAR Online’s competitors in the subscriptions and data business are “much larger and better-capitalized companies,” citing among others, Thomson Reuters. He further asserts, “EDGR simply does not add enough...

November 25, 2009 Key Findings From XBRL US National Conference on Transparency in Dialogue Between Corporations and Investors

Source:Fox Business News

XBRL US, the nonprofit consortium for XML business reporting, announced highlights from its national conference, "XBRL Financial Reporting: Advancing Transparency, Transforming the Dialogue" that was held on November 17-18, 2009...

Displaying results 11 to 20 out of 165
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