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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 ReportingAugust 13, 2009 IMA Creates XBRL Advisory CommitteeSource:WEBCPAThe Institute of Management Accountants has formed a new XBRL Advisory Committee to focus on the untapped market needs created by interactive data-tagging technology. August 11, 2009 Are your systems ready for XBRL?Source:Computting.co.ukThe new requirements for filing tax returns and company accounts using XBRL will require good planning. Bivek Sharma and Jonathan Cobb discuss the available options August 5, 2009 FASB and XBRL US Align XBRL US GAAP Tags to New Accounting CodificationSource:PR News WireThe Financial Accounting Standards Board (FASB) and XBRL US, the nonprofit consortium for XML business reporting standards, announced today that they have completed the work to revise the XBRL US GAAP Taxonomy to reflect the FASB... July 16, 2009 XBRL filing requirement could cost firms 'tens of thousands'Source:Accountancy AgeTax experts have condemned the insistence from the taxman that corporate tax returns only be made in the future using the controversial computer language XBRL. July 14, 2009 Making the Case for Inline XBRLSource:WEBCPA.comWeb 2.0 technologies like XML, web services and social networking have taken off like wildfire and have caught many accounting professionals off-guard. The accounting profession only recently put down their pens and made the move... June 30, 2009 Speed Bumps for Early XBRL Filers, UsersSource:CFO MagazineFASB is close to overcoming a mismatch between its new codification of accounting standards and data-tagged financials that could have presented communications problems for CFOs. June 29, 2009 Speed Bumps for Early XBRL Filers, UsersSource:CFO MagazineFASB is trying to overcome a mismatch between its new codification of accounting standards and data-tagged financials. That could present communications problems for CFOs. June 25, 2009 XBRL Catches on in U.S. and EuropeSource:WebCPA.comNow that the largest public companies in the U.S. are scheduled to begin filing their financial statements using Extensible Business Reporting Language data-tagging technology this year, financial regulators are weighing... June 24, 2009 XBRL financial reporting faces hurdlesSource:Robert MacMillanThe introduction of a computer code to financial reports was supposed to transform the way investors' could analyze the data. The reality is proving to be a little less exciting. June 23, 2009 XBRL US Announces Annual Conference, XBRL Financial Reporting: Advancing Transparency, Transforming the Dialogue, in New York City November 17-18, 2009Source:PR NewswireXBRL US, the nonprofit consortium for XML business reporting, announced that it will hold its annual conference on November 17-18, 2009 at the Marriott Marquis in New York City with a focus on improving communication between... |
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