Guest post by Gideon Benari. XBRL has been chosen as the reporting standard for Solvency II, thus bringing market harmonisation of the European insurance industry a step closer. The eXtensible Business Reporting Language format, essentially a sophisticated form of text mark up, facilitates the transfer of data between financial organisations in a standardised way. This [...]
Which individuals and companies track the Twitter #XBRL hashtag? Are those just XBRL Solution Providers and XBRL enthusiasts or are there also the XBRL SEC Filers?
I would like to present to you where on Web 2.0 you can find information about XBRL and which channels I use to get informed about the events in XBRL world.
Explore the history of “our language” from the beginning of the journey. Meet the famous XBRL persons, read about key decisions, important dates…
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 [...]
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 [...]
XBRL 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’d like to introduce you a social network dedicated to XBRL standard – XBRL Network. As the founder of this network Miles P. Jennings, Jr. says “Although the network is small, I think there are many of the key leaders in the field are members. I started the XBRLNetwork as a way to make industry [...]
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.
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 and disclosures.
