What can put business reporting on the fast track, improve audits, integrate data across functional lines, improve transparency and enhance performance analyses? It’s XBRL, the new data standard for reporting business information.
XBRL for Dummies shows you what XBRL is… how to use it… and why you should!
Read more about this book here.
You can order this book here.
The Securities and Exchange Commission launched a Interactive Mutual Fund Viewer to help investors compare mutual fund information more easily. The Viewer allows you to interact with XBRL filings made as part of the SEC’s Voluntary Filing Program.
SpiderMonkey is CoreFiling’s integrated taxonomy development platform. Depending on requirements, SpiderMonkey can be used as an Enterprise or Industry-wide collaboration tool, suitable for large teams to capture subject matter expertise concurrently, or as tool for individual accountants, auditors, analysts and reporting professionals to work in a stand-alone manner.
CoreFiling is committed to the widespread adoption of XBRL, globally. As part of our continuous efforts to help business people understand the benefits of interactive data and technologists understand how to leverage this powerful standard in their own environments, we are pleased to offer SpiderMonkey Personal Version, free to use. There are no strings attached - taxonomies developed with SpiderMonkey Personal Version can be used for both commercial and non-commercial purposes. Fill in the registration form to get your copy today.
The International Accounting Standards Committee Foundation’s XBRL Team has released the near-final version of the IFRS Taxonomy 2008, translating International Financial Reporting Standards into Extensible Business Reporting Language.
XBRL Team is redeveloping the IFRS Taxonomy in order to reflect the new versions of IFRSs. Among some improvements, the IFRS Taxonomy 2008 will include new XBRL technologies such as Versioning, Dimensions and Rendering.
Also, find some other informations about XBRL at: http://www.iasb.org/xbrl
Rob Blake Senior Director of Interactive Services for Bowne & Co., Inc., has authored XBRL: the Dawn of the New EDGAR white paper. This white paper provides an overview and analysis of XBRL, the business reporting technology that signals the transformation of a significant portion of the corporate disclosure process in the ever-changing world of U.S. Securities and Exchange (SEC) compliance filing. XBRL, or eXtensible Business Reporting Language, is a globally-accepted reporting standard changing the way companies and regulators across the world are disclosing and collecting financial data. In its most complete implementation, XBRL harnesses the power of computers in ways that release both the numeric and textual disclosure beyond the boundaries of the printed page.
You can download complete white paper after completing the form at http://subscription.bowne.com/cgi-bin/bowne.cfg/php/enduser/doc_serve.php?2=XBRL_NewEDGAR-DF&CID=2334.
Also, find some more informations about XBRL at http://www.bowne.com/xbrl/.
The US Securities and Exchange Commission, which regulates the country’s stock markets, gave a major push to the electronic financial reporting language XBRL with several new initiatives this month. John Stokdyk reports.
The SEC has accepted electronic filings in the extensible business reporting language (XBRL) for several years, and users can download these files for free from the SEC’s online search engine Edgar.
SEC chairman Christopher Cox is an XBRL enthusiast who sees it as a “universal” language that represents the future of financial reporting. Earlier in February, Cox welcomed a report from the commission’s advisory committee on improvements to financial reporting and vowed to consider its recommendations, which included making electronic filing of XBRL-tagged financial statements mandatory for top 500 companies.
You can read the full article in Accountingweb.co.uk
The 17th XBRL International Conference and Expo is co-hosted by XBRL International, Inc. and the XBRL-EU Jurisdiction and is a jointly organized event with the Netherlands Taxonomy Project conference: “Standard Business Reporting in Action.” The conference will offer the unique opportunity for visibility to not one but two groups of conference attendees under one roof and will be the largest event executed by XBRL International.
Featured Speakers Include:
Business Executives and Finance Professionals will participate in unique workshops and forums to hear leading financial industry experts speak on:
Who Should Attend and Why:
Where: Eindhoven, Netherlands at Evoluon, a world-class conference and exhibition facility:
For XBRL International Conference Information and Registration & Hotel Registration please go to: http://conference.xbrl.org/
The below story from Compliance Week contrasting Holland’s embrace of XBRL with that of the US. The story cites the opinion of Dutch ministry of finance XBRL champion Harm Jan van Burg that the SEC is approaching XBRL all wrong - that the SEC should focus on the standard as an efficiency improver, get the IRS and other US governmental agencies to also adopt XBRL so companies can file for multiple regulatory requirements using the same form.
He also gets into how the US’ taxonomy for GAAP is too complicated, and the lack of XBRL-enabled software still represents an impediment. While the Dutch approach hasn’t delivered strong results yet either - its filing gateway has received next to no XBRL enabled filings as of mid-February — van Burg predicts 2.5 million Dutch company XBRL filings by end the of 2008, in part because the Dutch approach uses XBRL to cut thru regulatory red tape/improve filing efficiency.
You can read the full article here:
http://www.complianceweek.com/index.cfm?fuseaction=article.viewArticle&article_ID=3978
Demonstrations on how to create XBRL-enabled financial documents, how to participate in the Public Review plus case studies from companies who are participating in the SEC’s Voluntary Filing Program.
Event Start: 2008-03-18 15:30:00
Venue(s): Conference Call, Online
Sponsor(s): XBRL US
Topics covered:
Speakers:
Participate: Register for this free event
On February 13, 2008, the XBRL-based financial listed company taxonomy formulated by the Shanghai Stock Exchange (SSE) was “Acknowledged” by the XBRL International. The acknowledgement information has been released on the official website of the XBRL International (http://www.xbrl.org/FRTaxonomies/). All the technical documents of the taxonomy have been published on the SSE website of http://xbrl-cn.org to the public for wider application.
