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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 ReportingMay 5, 2009 Nevada: A sure bet on XBRLSource:Federal News RadioAdvocates for XBRL, extensible business reporting language, in both the legislative and executive branches are pressing for its use in recovery.gov, the website which is earmarked to track spending of federal stimulus money. XBRL... May 1, 2009 XBRL Ends Spreadsheet HellSource:Government Technology"The goals were timely and accurate data, stronger internal controls, reduced costs, a standardized system of seamless data exchange, business processes and data elements. XBRL met all of those goals." -- Nevada Controller Kim... April 24, 2009 Two-Thirds of Public Companies Have No Plans to Use XBRL – Despite SEC Mandate Requiring XBRL Use as Early as June 2009Source:EarthTimesIn a national survey of CFOs and senior comptrollers conducted by Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, 64 percent of public companies have no plans to use eXtensible Business Reporting... April 22, 2009 Official 2009 XBRL Taxonomy for GAAP ReleasedSource:WebCPAXBRL US has published the 2009 edition of the interactive data tags that the Securities and Exchange Commission will accept for coding financial statements in accordance with U.S. generally accepted accounting principles. April 17, 2009 Canadian issuers bracing for first phase of XBRLSource:Investment Executive.comCanadian issuers busy with the transition to International Financial Reporting Standards (IFRS) in 2011, will also feel the impact of the adoption of Extensible Business Reporting Language (XBRL). April 16, 2009 19th XBRL International Conference to be Held in Paris, France on June 23-25, 2009
Source:XBRL International
The 19th XBRL International Conference: "Reducing Reporting Burden with XBRL: A Catalyst for Better Regulation” is produced by XBRL International, Inc. and is hosted by XBRL France in cooperation with XBRL Europe. The conference...[more] April 15, 2009 A Tidal Wave of Regulations to Hit IT ShoresSource:ServerWatch.comA tidal wave of new compliance regulations looks set to wreak havoc in IT departments when it hits some time in the next 12 to 18 months. April 8, 2009 XBRL US Launches Intern Program to Foster Cooperation and Build CommunitySource:XBRL USXBRL US announced today an internship program for emerging XBRL practitioners as part of a summit and workshop in San Francisco on July 28-30, 2009. The event will assemble a rapidly growing community of professionals from around...[more] April 7, 2009 Seminar: NIRI San Diego Presents: 'The X Factor: XBRL and You'Source:PRNewswireThe San Diego chapter of the National Investor Relations Institute (NIRI San Diego) will host a presentation on Thursday, April 23rd on an important issue for public companies - XBRL and the most recent requirements for... April 1, 2009 Lack of reporting, communication threaten TARP programSource:Nextgov.comThe Obama administration has yet to clearly communicate to the public and Congress the financial results of one of its key economic recovery programs, which could jeopardize future funding for the initiative, say federal auditors... |
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