XBRL Blog Magazine

FASB 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.

XBRL US Pacific Rim Technology Workshop to Feature Case Studies and Advanced Topics in XML Development. Key speakers from Salesforce.com and Hitachi.

The International Accounting Standards Committee (IASC) Foundation today issued the IFRS Taxonomy 2009 and published the Due Process Handbook for XBRL Activities for public comments.

Oracle’s EPM System to Help Customers More Effectively and Efficiently Report Financial Statements in XBRL Format.

OMG(TM) today welcomed XBRL US into the OMG Model Driven Message Interoperability (MDMI) Consortium. The MDMI Consortium provides the financial industry with the means for sharing costs of adoption via a dedicated, expert team working to provide proof of business and technical value on an aggressive schedule.

Charles Hoffman released new site about practical use of XBRL. Site contain various types of sample documents which can be used for education and educational purposes.

In the aftermath of banking failures, subprime mortgages, and bailouts across multiple industry sectors, it is a good time to examine the strategies it will take to rebuild public trust in our government and in the world’s financial markets. I believe the answer depends both on what we can do and how we do it.

Given the visual enhancements made by the SEC in this new rendering engine, and given the SEC is kind enough to continue to make this code available in an open source format, we’ve now updated the Bowne Interactive XBRL Viewer to render all uploaded XBRL documents using this new rendering engine.

XBRL application software classification:

Classification standard editing software (Taxonomy editor)
Examples of software documentation (Instance creator)
Examples of the document browser software (Instance viewer)
Examples of the document authentication software (Instance validator)
File conversion software (Document converter)
Version of the conversion software (Version converter)
Financial analysis software (Analyzer)
File audit software (Auditor)
File search software (Searcher)
XBRL GL applications

Check detail description of each item.

INVOKE is launching the web version of INVOKE XBRL suite at the 19th XBRL International Conference.

As many of you know, the Obama administration has asked for a 60 day moratorium on new rules published in the federal register.  Although this is standard procedure for new presidents and the SEC, as a regulatory body and not a governmental department, might comply with the directive.  The only impact I see of this [...]

It has just been announced, at the culmination of the SEC roundtable on December 17th 2008, that the proposal for XBRL filing has been accepted (carried by 4 votes to 1) as well as for mutual fund reporting.
We are awaiting a press release, but it seems some minor changes to the May 2008 proposal will [...]

Are US companies ready for XBRL? Are they even thinking about it? Compliance Week polled its readers on the subject a few weeks ago. The results were less than encouraging. Surprisingly, even though large companies will start adopting XBRL probably in a matter of months — they are just as unprepared for the change as small companies.

Is it possible that XBRL enabled search technology increases the transparency of company financial disclosures? In my opinion, certainly it does. Whether it is publicly traded companies or privately held companies, people who are charge of management know that most investors and analysts pay more attention to information in the body of financial statements rather than lengthy footnotes [...]