Out of the Clouds and Into Reality: XBRL for the Business Usertag:typepad.com,2003:weblog-16094402010-07-08T10:57:19-04:00TypePadtypepad/1205961915s3498/xbrlhttp://feedburner.google.comSEC Updates XBRL Display Engine; Good Rendering Times Ahead?tag:typepad.com,2003:post-6a00e5514ef03488340133f22538f3970b2010-07-08T10:57:19-04:002010-07-08T10:57:03-04:00Ahead of the start of the June 30th filing season, the first that requires Year 2 detail tagging for the largest SEC registrants, the SEC has updated their SEC Viewer (live XBRL filings made to the SEC) and Pre-Viewer (preview XBRL files prior to live filing) with a new XBRL...Rob Blakehttp://blog.bowne.com/xbrl/2010/07/sec-releases-new-xbrl-rendering-engine-.html XBRL (Just a) Bill on Capitol Hill?tag:typepad.com,2003:post-6a00e5514ef03488340133f14b4ddf970b2010-06-16T16:31:07-04:002010-06-16T16:31:57-04:00Very good article discussing potential regulation tied to the financial overhaul bill that would require a number of regulators to use XBRL as the "...uniform format to collect data from industry". Rep. Darrell Issa, R-Calif, has been working the government back channels for a while now touting XBRL as a...Rob Blakehttp://blog.bowne.com/xbrl/2010/06/-xbrl-just-a-bill-on-capitol-hill.html2010 IFRS Taxonomy: Is It Ready for Prime Time?tag:typepad.com,2003:post-6a00e5514ef03488340134838228d3970c2010-06-13T15:10:54-04:002010-06-13T15:10:48-04:00At the end of April, the International Accounting Standards Committee (IASC) Foundation released the 2010 IFRS Taxonomy. The timing of this release coincides with a continued push to get this taxonomy ready for submissions to the SEC scheduled to start in mid-2011. A quick walk down Final Rule memory lane...Rob Blakehttp://blog.bowne.com/xbrl/2010/06/2010-ifrs-taxonomy-ready-or-not.htmlBowne/Fujitsu Strategic Alliance: Building A Better XBRL Biketag:typepad.com,2003:post-6a00e5514ef03488340134810be967970c2010-05-18T16:11:40-04:002010-05-18T16:10:20-04:00Today we announced a strategic alliance with Fujitsu to use their XBRL development platform as the key technology basis for our existing and future XBRL solutions. The full press release can be read here, and as I'm quoted in the press release...the news is really all about focus. With the...Rob Blakehttp://blog.bowne.com/xbrl/2010/05/technology-focus-is-good-hiring-new-team-of-year-2-tagging-people-now-not-so-good.htmlThe Good and Not-So-Good of the New SEC Rendering Enginetag:typepad.com,2003:post-6a00e5514ef03488340120a962039c970b2010-04-26T19:32:03-04:002010-04-27T16:44:06-04:00[Updated 2010-04-27 for Not-So-Good Items 5 and 6] About a month back now, the SEC integrated a new XBRL rendering engine into their EDGAR system and SEC Pre-Viewer application. We've been working with the new source code since then and, as of this morning, have updated the Bowne Interactive XBRL...Rob Blakehttp://blog.bowne.com/xbrl/2010/04/the-good-and-bad-of-the-new-sec-rendering-engine.html6/30 Fiscal Year-end Filers: Your Year 2 Tagging Table Is Readytag:typepad.com,2003:post-6a00e5514ef034883401347fb533b7970c2010-04-07T13:31:59-04:002010-04-07T13:28:30-04:00I 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). Throughout the years, for whatever reason, I've been able to recite...Rob Blakehttp://blog.bowne.com/xbrl/2010/04/630-fiscal-yearend-filers-your-table-is-ready.htmlTruth About Validation, Part II: Acceleration Can Hurt, Deceleration Rockstag:typepad.com,2003:post-6a00e5514ef034883401347fa93409970c2010-04-05T17:39:12-04:002010-04-06T15:38:35-04:00[2010-04-06 UPDATE: "Accelerated" discussion updated to provide two specific examples to more clearly discuss the various moving parts.] 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...Rob Blakehttp://blog.bowne.com/xbrl/2010/04/truth-about-validation-part-ii-acceleration-can-hurt-deceleration-can-help.htmlTruth About Mandate Valuation: It's Not What You Thinktag:typepad.com,2003:post-6a00e5514ef034883401310fc8bc5d970c2010-03-22T04:13:09-04:002010-05-06T12:45:22-04:00**NOTE: This post has been updated based upon information provided during the SEC's XBRL webcast on March 23, 2010. Specifically, Scenario #1 has been updated to reflect the fact that companies can fall out of a mandate Group and for a period of time stop submitting XBRL to the SEC...Rob Blakehttp://blog.bowne.com/xbrl/2010/03/truth-about-mandate-valuation-its-not-what-you-think.htmlUpdate to SEC EDGAR Filer Manual Now Availabletag:typepad.com,2003:post-6a00e5514ef03488340120a92dc052970b2010-03-12T15:33:21-05:002010-03-12T15:33:21-05:00Today 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: 6.5.2 Corrected to clarify that an EDGAR submission may have at most one...Rob Blakehttp://blog.bowne.com/xbrl/2010/03/update-to-sec-edgar-filer-manual-now-available.htmlRolling the K to the Q: Extension Taxonomy Impacttag:typepad.com,2003:post-6a00e5514ef03488340120a9200bf0970b2010-03-10T10:17:57-05:002010-03-10T10:14:08-05:00With 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. The reason for this is that as companies roll from the K to...Rob Blakehttp://blog.bowne.com/xbrl/2010/03/rolling-from-the-10k-to-10q-impact-on-extension-taxonomy.htmlSEC Updates XBRL Viewerstag:typepad.com,2003:post-6a00e5514ef034883401310f69a920970c2010-03-05T12:47:13-05:002010-03-05T12:47:13-05:00Today the SEC announced updates to their XBRL Viewers. Overview information can be found at: http://www.sec.gov/spotlight/xbrl/viewers.shtml The updates to the rendering engine that drives their Viewers include: Support for rendering submissions based on the Mutual Fund Risk/Return Summary Taxonomy (available when the final 2010 taxonomy is published at http://sec.gov/info/edgar/ edgartaxonomies.shtml)...Rob Blakehttp://blog.bowne.com/xbrl/2010/03/sec-updates-xbrl-viewers.htmlXBRL Webinar for New Filers in 2010tag:typepad.com,2003:post-6a00e5514ef0348834012875c9f7b7970c2009-11-23T08:34:53-05:002009-11-23T08:34:53-05:00If you're getting started with XBRL we've got an introductory webinar available on Mondays and Thursdays through December 21st. Overview of Bowne XBRL Solutions and Process Results of First Filing Season Preparing For The Mandate Impacts on Existing Processes XBRL and SEC Mandate OverviewEd Hodderhttp://blog.bowne.com/xbrl/2009/11/xbrl-webinar-for-new-filers-in-2010.htmlSEC Staff Observations: Element Selection Part 1, Searchingtag:typepad.com,2003:post-6a00e5514ef03488340120a6242042970b2009-10-27T10:32:09-04:002009-10-27T10:37:26-04:00Most of the SEC's recent Staff Observations From Review of Interactive Data Financial Statements document deals with element selection. The ideas are largely summed up in a single sentence, ". . . filers should select the element with the narrowest definition that captures all material information." The section starts out...Ed Hodderhttp://blog.bowne.com/xbrl/2009/10/sec-staff-observations-element-selection-part-1-searching-1.htmlSEC Staff Observations of XBRL Datatag:typepad.com,2003:post-6a00e5514ef03488340120a66f51a4970c2009-10-26T10:01:40-04:002009-10-26T10:01:40-04:00The SEC recently posted Staff Observations From Review of Interactive Data Financial Statements. It is an excellent opportunity to understand what the SEC is looking at in these early days and part of Shelly Parratt's promise (subscription required) to help filers succeed. I think the fact that we're getting this...Ed Hodderhttp://blog.bowne.com/xbrl/2009/10/sec-staff-observations-of-xbrl-data.htmlSEC EDGAR System Now Supports 2009 US GAAP Taxonomiestag:typepad.com,2003:post-6a00e5514ef03488340115721b85ed970b2009-07-20T10:47:48-04:002009-07-20T10:47:48-04:00Tom Watson making a run at the British Open...Lance Armstrong in second place on the Tour de France...the SEC EDGAR System updated to support the 2009 US GAAP taxonomies. I guess old dogs can continue to show us new tricks...=). Initially announced for this coming Wednesday, the SEC started off...Rob Blakehttp://blog.bowne.com/xbrl/2009/07/sec-edgar-system-now-supports-2009-us-gaap-taxonomies.html