XBRL Blog Magazine

Update to SEC EDGAR Filer Manual Now Available

Rob Blake — Fri, 12 Mar 2010 21:06:56 +0000

Today the SEC made available a DRAFT version of the EDGAR Filer Manual that includes changes to Section 6, the Interactive Data (XBRL) section. Draft Version 14 is available for download here, and includes the following changes...

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Demystifying XBRL (UK-2)

Stewart McKie — Wed, 10 Mar 2010 20:49:10 +0000

A useful quick summary of What you need to know about XBRL from a UK tax filing perspective can be found on AccountingWeb. A key point is that if you are able to submit a ‘Short Company Tax Return’ via the HMRC’s online portal as a PDF file, then all the necessary conversion to XBRL will be done for you by HMRC’s web application.

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Rolling the K to the Q: Extension Taxonomy Impact

Rob Blake — Wed, 10 Mar 2010 18:23:52 +0000

With most mandate Group 1 companies coming off their 12/31 10-K XBRL submission and already preparing for the 3/31 XBRL submission, the company's extension taxonomy comes into focus a bit more than in the previous filing seasons.

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XII’s choice: Change or continue to muddle along

Daniel Roberts — Tue, 09 Mar 2010 13:21:07 +0000

XBRL International (XII) is a standards organization currently funded by a membership model, with revenue coming from the jurisdictions and conferences. This was a fine model when the XBRL standard was young and large accounting firms and the AICPA saw the benefits from being generous with their support. Conferences were seen as a moneymaker for XBRL International, and funding was adequate to support a startup standard. XII goals were clearly definable, and "easy" to achieve, which also...

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My Fortune.com Piece: California Sunshine for Shadow Banking

Paul Wilkinson — Tue, 09 Mar 2010 10:06:46 +0000

New Fortune.com managing editor (and ‘95 Medill grad) Daniel Roth (@danroth) gave me a chance the other day to write a guest column on transparency and financial recovery and XBRL. It’s now here.

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Interview with Mr. Dejan Gostimir

Editor — Mon, 08 Mar 2010 20:13:45 +0000

Mr. Dejan Gostimir graduated and earned his Master of Science degree at Faculty Of Economics and Business at the University of Zagreb, Croatia with the thesis titled: ”XBRL as possible standard of financial reporting in the Republic of Croatia”. He was member of the board at ORKIS Ltd., project leader and editor in chief of the accounting and financial web portal ORKIS.hr that was the first project of this kind in Croatia. ORKIS.hr is still number one financial and accounting web portal in...

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Mr. Sato Does XBRL

Stewart McKie — Mon, 08 Mar 2010 19:44:16 +0000

The Japanese Institute of CPAs has produced a sweet cartoon explaining XBRL for newbies like Mr. Sato. This introduction makes a number of useful points, especially about the differences between HTML (rendering data) and XBRL (contextualizing data) and the potential for XBRL-tagged report data to improve analyst productivity and facilitate the automated auditing of data and translation of data labels between jurisdictions.

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SEC Updates XBRL Viewers

Rob Blake — Fri, 05 Mar 2010 21:41:40 +0000

Today the SEC announced updates to their XBRL Viewers. The updates to the rendering engine that drives their Viewers include...

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Transparency by Stakeholder Engagement

Stewart McKie — Fri, 05 Mar 2010 16:41:51 +0000

This brief lesson in corporate transparency Author’s Choice: Don’t Ignore the Transparency Imperative advocates that transparency is not just about presenting accurate, accessible and comparable information (e.g. using globally adopted standards such as XBRL) it is also about establishing a new level of engagement with the stakeholders of an organization.

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Your XBRL Extension Taxonomy: It’s Not Just About Adding New Tags

Chethan Gorur — Thu, 04 Mar 2010 22:36:10 +0000

For many businesses filing their financial statements using XBRL to comply with the SEC mandate, the phrase “extension taxonomy” is a largely misunderstood term. There is a narrow view that it is only about adding brand-new company-specific elements which do not exist in the base taxonomy (Ex: US GAAP 2009).

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