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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


June 16, 2009 Is Your Investor Relations Web Site Ready For XBRL?

Source:Diane Mueller, ECMConnections

The U.S. SEC recently issued new rules requiring companies to provide financial statement information on their corporate web sites in an interactive data format using the eXtensible Business Reporting Language (XBRL). This is...

June 8, 2009 Accuracy essential to success of XBRL financial filing program

Source:EuerkAlert.org

The largest 500 companies regulated by the U.S. Securities and Exchange Commission (SEC) are poised to submit quarterly financial reports that, for the first time, will be tagged using XBRL code – which will allow computers to...

June 4, 2009 Commission Posts XBRL FAQs

Source:Compliance Week

As part of efforts to help companies and preparers comply with new rules that require financial reports to be filed using XBRL, the staff of the Securities and Exchange Commission has posted frequently asked questions regarding...

June 2, 2009 Issuers need incentives to XBRL-ize corporate actions

Source:CRoss Border Group.com

Issuers are mired in costly reporting changes, from the phase-in of XBRL-tagged GAAP statements to new proxy disclosures. When financial intermediaries met on Thursday to promote XBRL for corporate actions, NIRI CEO Jeff Morgan...

May 29, 2009 DTCC, SWIFT and XBRL US Join Together on Plan to Improve Processing of Corporate Actions Announcements

Source:PR Newswire

The Depository Trust & Clearing Corporation (DTCC), SWIFT and XBRL US announced today a plan to fundamentally change corporate actions announcement processing, bringing greater accuracy, reduced risks and costs, by improving...

May 28, 2009 Checklist to Help Businesses Prepare for Rebound

Source:WEBCPA

Accounting and finance staffing company Robert Half Management Resources offered advice for companies to position themselves to take advantage of a future economic recovery.

May 22, 2009 In Data-Tag Game, the Feds Are It

Source:CFO.com

Under a proposed law, all government agencies that require corporate reporting — not just the SEC — would have to collect and disseminate financial data with XBRL tags.

May 20, 2009 House bill would require XBRL to track TARP funds

Source:PR Week

House Committee on Oversight and Government Reform ranking member Rep. Darrell Issa has introduced legislation that would require the use of XBRL to track TARP funds. HR 2392, the Government Transparency Act, would standardize...

May 14, 2009 Analysts want a little less X in their XBRL

Source:The Cross Border Group

Allow too much extensibility in eXtensible Business Reporting Language (XBRL) and analysts won’t be able to compare data from different companies. That was the message conveyed to the SEC at the New York Society of Securities...

May 8, 2009 XBRL US Survey Finds Most Companies Ready for SEC's XBRL Reporting Mandate

Source:PR NewsWire

At least 340 of the estimated 500 public companies that the Securities and Exchange Commission (SEC) requires to begin filing in XBRL format in June 2009, have already converted their financial statements to XBRL. The survey of...

Displaying results 51 to 60 out of 165
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