XBRL Blog Magazine

The last post on the XBRL Blog Magazine

Ilija Šuša — Sun, 25 Apr 2010 21:18:15 +0000

After nearly three years I decided to stop working on XBRL Blog Magazine. It was a truly memorable and worthwhile experience. I enjoyed while I was reading the articles of my contributors on the blog but also from other sources (XBRL Business Information Exchange, Hitachi Data Interactive, LinkedIn groups 1-2-3-4-5, Twitter stream...) and imagining how will our semantic future look like.

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XBRL for Silos

Stewart McKie — Mon, 19 Apr 2010 06:26:15 +0000

Where I live, in the UK’s West Country, a silo is somewhere you keep manure. Something smelly that you want to keep isolated from the rest of the farm. It’s not much different in IT data-management. A silo is an isolated datastore and much of the effort of corporate IT departments is focused on getting silos to talk to each other. So it’s useful to remember that XBRL is also an important mechanism for driving the data interchange used for integrating silos.

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Sock One and Sock Too

Stewart McKie — Mon, 19 Apr 2010 06:23:10 +0000

The concept of XML/XBRL tagging has been explained to newcomers in many ways – barcodes for financial data has always been popular – but I must have missed this enlightening description involving items of Liz Hurley’s clothing, offered on the UK ICAEW IT Counts blog by Simon Hurst way back in 2008…

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The XBRL Eventstream

Stewart McKie — Sun, 11 Apr 2010 07:21:11 +0000

Danny Werfel, the Comptroller for the Federal Office of Management and Budget (OMB) makes a good point when he states: “The way I approach it, and have collective agreement among the key leaders among leaders at Treasury, OMB, and other critical parties that are thinking about this, is that XBRL is the second question to ask.”

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It is time for XII and XUS to “eat their own dog food”

Daniel Roberts — Sun, 11 Apr 2010 07:16:05 +0000

It is a great expression: "eating your own dog food". It conveys that wonderful idea that if it is good enough for others, it should be good enough for you. It is also a litmus test of the validity of a concept or idea. Imagine if Oracle used SAP for its internal and external reporting, supply chain management, etc. Imagine if doctors refused to take the drugs they prescribe. Isn't it time that XBRL International (XII) and XBRL US inc (XUS) actually ate their own dog food?

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6/30 Fiscal Year-end Filers: Your Year 2 Tagging Table Is Ready

Rob Blake — Sun, 11 Apr 2010 07:13:52 +0000

I remember back in freshman English my teacher had us memorize a Shakespeare quote from Macbeth, the one that starts "To-morrow, and to-morrow, and tomorrow creeps in this petty pace from day to day..." (Macbeth, Act 5, Scene 5).

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Truth About Validation, Part II: Acceleration Can Hurt, Deceleration Rocks

Rob Blake — Fri, 09 Apr 2010 07:23:16 +0000

Since my original post about valuation and its impact on XBRL submissions, there has been additional discussion and detail brought to light that I think warrants a revisit. The good news is that the "falling out of a Group"/deceleration discussion I had in my original post is still true. The bad news, on the other hand (and trust me...it's pretty bad), is for some companies that accelerate.

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XBRL US Labs Introduces Online Consistency Checks to Improve XBRL Data Quality

Editor — Fri, 09 Apr 2010 07:20:29 +0000

XBRL US, a non-profit advancing open standards for XML business reporting in the U.S., today announced the launch of XBRL Consistency Suite, a set of online XBRL tools that help public companies identify inconsistencies in XBRL documents related to the use of the XBRL US GAAP Taxonomy. In the over 1,400 XBRL financial statements that have been submitted to date, thousands of errors have been identified, including incorrect use of signs, missing XBRL-tagged elements, and tags that should not...

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iXBRL: UK companies have a Great Opportunity

Daniel Roberts — Mon, 05 Apr 2010 19:19:05 +0000

Very soon all companies in the United Kingdom are going to be producing iXBRL versions of their financial statements and providing those to HMRC (Her Majesty's Revenue and Customs - the tax department). This provides UK companies, especially all listed companies, with a fantastic opportunity to increase the quality of reporting they provide to investors.

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Well Can It?

Stewart McKie — Mon, 05 Apr 2010 19:17:08 +0000

I had a chuckle when I read a recent Business Finance magazine blog post Can XBRL finally automate finance by Alan Radding. Partly because this was not framed as a question (no ?), which was odd, but mostly because it reminded me of my own article for Business Finance back in November 1999...

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