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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 ReportingOctober 9, 2009 The New and Improved EDGAR—Now With XBRLSource:BoardMember.com"Today, financial reports have become incredibly complex," says Philip Moyer, CEO of EDGAR (Electronic Data Gathering Analysis Retrieval), a system which performs automated collection, validation, indexing, acceptance , and... October 6, 2009 EDGAR Online Announces Early Success in XBRL Filings BusinessSource:PR NewswireEDGAR® Online, Inc. (Nasdaq: EDGR) announced today that the company is again the top provider of XBRL translation services in the U.S. market for the most recent quarter ended September 30, 2009 - having created and filed almost... October 2, 2009 X Marks the Spot, for ErrorsSource:CFOTim Kingston, manager of corporate reporting at Zimmer Holdings, thought he was as prepared as he could possibly be to meet the Securities and Exchange Commission's new XBRL requirements. Soon after the SEC mandated that large... October 1, 2009 One on One with Diane Mueller, XBRL expert at Just SystemsSource:Fierce Content ManagementDiane Mueller is vice president of XBRL development at JustSystems. She has been actively involved in the development of the XBRL standard including acting as the Canadian representative to the XBRL International Steering... September 25, 2009 XBRL US Announces Public Review of US GAAP Elements for New FASB PronouncementsSource:XML JournalXBRL US, the non-profit consortium for business reporting in XML, announced that it has published a set of over 200 new elements to reflect new FASB accounting standard changes issued since December 31, 2008. Some of these new... September 23, 2009 XBRL US Announces Keynotes from CFA Institute, SEC, FEI, NIRI, FINRA and DTCC at National Conference, NY, November 17-18, 2009Source:PR NewswireXBRL US, the nonprofit consortium for XML business reporting, announced newly confirmed keynotes at the upcoming conference "XBRL Financial Reporting: Advancing Transparency, Transforming the Dialogue" to be held on November... September 22, 2009 Most companies meet deadline to file financial data in new formatSource:Nextgov.comA model that would bring more transparency to financial reporting could emerge as the Securities and Exchange Commission implements a requirement that all public companies submit financial statements in an interactive data... September 15, 2009 XBRL US Launches XBRL US LabsSource:ReutersWASHINGTON, Sept. 14 /PRNewswire/ -- XBRL US, a non-profit consortium standardizing business reporting in XML, announced the launch of XBRL US Labs today, a move that will expand an already significant program of... August 25, 2009 XBRL: The Inside StorySource:CFO MagazineAfter years of development, data tagging seems little more than a minor financial-reporting requirement. Yet some now say it could transform internal finance operations. Is this XBRL's true calling, or just more hype? August 18, 2009 HTML - XML - XBRL - iXBRL - what's it all about?
Source:Accountancy Age
As the UK Government finalises its draconian plans to implement XBRL filing of Company Accounts in 2011 and the US SEC has imposed mandatory filing in XBRL on about 500 companies this year, Microsoft loses out on an obscure... |
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