Archive for November, 2008
JustSystems Helps Prepares Businesses for the SEC XBRL Mandate
November 27th, 2008 Ilija Šuša Posted in News | No CommentsDiane Mueller, vice president, XBRL development for JustSystems, presented a session at 29th Annual FASB/SEC Accounting Institute Conference offering practical tips for XBRL Survival. The 29th Annual FASB/SEC Accounting Institute Conference brings together industry leaders to discuss and respond to today’s rapidly changing accounting rules. The goal of the event is to provide attendees with the most up-to-date information they need to achieve compliance with today’s accounting standards.
Read more..10 questions when reviewing XBRL software
November 27th, 2008 Derek Abdinor Posted in Solutions, Technology | No CommentsXBRL deployment is a long river, and you need to keep that in mind regardless if you’re focussed on the (downstream) regulatory filing and analysing components or the (upstream) ERP integration and general ledger design.
I’ve put together a list that takes into account technical, accounting, filing and investor relations. The point is not to compare [...]
The XBRL mandate is here: Is IT ready?
November 26th, 2008 Ilija Šuša Posted in News | No CommentsThe initial tagging can be done with minimal IT involvement, but at some point, IT needs to get deeply involved in XBRL efforts. For example, as the SEC XBRL requirements grow more complex over time, it will be critical to understand how the XBRL-compliant reporting software might operate with the company’s existing processes and platforms. By then, the decision is no longer a simple one of buying the easiest package to use and being able to “throw it away” if it’s not suitable.
Read more..Highlights from the 2008 XBRL for Investment Professionals conference
November 26th, 2008 Ilija Šuša Posted in News | No CommentsHighlights from the CFA Institute conference XBRL for Investment Professionals, held on 26 September in London, are now available as podcasts from the CFA Institute. They are available for free to CFA Institute Members, just login with your usual credentials.
Read more..XBRL US Invites Participation in Public Review of US GAAP Data Tags Release 2009
November 26th, 2008 Ilija Šuša Posted in News | No CommentsXBRL US, the nonprofit consortium for XML business reporting standards, today announced that they had completed a new draft of the XBRL US GAAP Taxonomies, and have made it available for public review. This second release of the US GAAP data tags builds on the first release completed and published on April 28, 2008 under contract with the Securities and Exchange Commission (SEC).
Read more..Fujitsu Unveils Interstage XWand Version 10
November 23rd, 2008 Ilija Šuša Posted in News | No CommentsSignificant Reductions in Time & Cost for Preparation and Analysis of Financial Reports Using Latest XBRL Specifications
Tokyo, November 20, 2008 — Fujitsu Limited today announced Interstage® XWand® Version 10, the latest release of its acclaimed XBRL(1) software designed to help companies increase transparency and governance around financial activities. The newest release is one of the [...]
XBRL Company Extensions – A Case Study
November 23rd, 2008 Ilija Šuša Posted in Case Studies | No CommentsNeal Hannon posted a excellent case study about using XBRL extensions for company purposes. The story is illustrated with the example of the company which can not find the proper element in the taxonomy for “Weighted Average Shares Outstanding”.
Read more..Call for Papers - 6.3 Special Issue on XBRL: Implications for Reporting and Governance
November 20th, 2008 Ilija Šuša Posted in News | No CommentsIn mid-2009 the International Journal of Disclosure and Governance will publish a special issue on XBRL and its impact on financial reporting and national and corporate governance worldwide. There will be a combination of invited papers from high profile members of the XBRL community and submitted papers from leading accounting practitioners, user groups and academic researchers.
Read more..Advertisement for IASB Board members
November 20th, 2008 Ilija Šuša Posted in News | No CommentsThe IASB is seeking a number of board members over the next three years who will serve a five year term, with eligibility for renewal for a further five years. The roles are full-time and are based in London. The members of the Board meet monthly to review and discuss new papers and projects.
Read more..An Interview with Christian Dreyer
November 19th, 2008 Ilija Šuša Posted in News | No CommentsHitachi XBRL Business Unit released today an inteview with Christian Dreyer. Christian Dreyer is a past president of the Swiss CFA Society, a 1,700-member-strong association of finance professionals in Switzerland. He is Managing Partner of Tertium datur AG, an advisor specializing in pan-European pension funds. Previously he was CFO of an IT outsourcing firm and [...]
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