XBRL

Technology

Opposition Mounts for House XBRL Exemption Legislation

XBRL US and several corporate data providers are against a bill approved last week by the House Financial Services Committee that would require the US Securities and Exchange Commission to exempt public companies with annual revenues under $250 million from filing their financial statements in XBRL format for five years.
A&A

XBRL Taxonomy for US GAAP - Final 2014 Version

The FASB announced it has published a final version of the 2014 US GAAP taxonomy to be used for reporting in eXtensible Business Reporting Language (XBRL), such as for purposes of XBRL reporting requirements under the SEC's rules.
A&A

FASB Releases 2014 US GAAP Taxonomy

The FASB released the 2014 US GAAP Financial Reporting Taxonomy, which contains updates for accounting standards and other improvements to the current taxonomy used by US Securities and Exchange Commission issuers.
A&A

AICPA Calls on the Senate to Support Digital Accountability and Transparency Act

In a letter to US senators Tom Carper and Tom Coburn, the AICPA encouraged the Senate's support of legislation that would include a provision calling for the establishment of government-wide financial data standards for federal funds.
A&A

Proposed 2014 US GAAP Taxonomy Ready for Public Review

Individuals interested in reviewing the proposed 2014 US Generally Accepted Accounting Principles (GAAP) taxonomy from the Financial Accounting Standards Board (FASB) have until October 31 to submit their written comments.
Technology

AICPA and XBRL US Offer Online XBRL Certificate Program

In an effort to address the increased demand for comprehensive and intensive training on XBRL, the AICPA and XBRL US Inc., the not-for-profit consortium for business reporting standards, launched the XBRL US GAAP Certificate Program.
A&A

US GAAP Financial Reporting Taxonomy Green-Lighted by SEC

The US Securities and Exchange Commission (SEC) has adopted the 2013 US GAAP Financial Reporting Taxonomy, which allows companies to use eXtensible Business Reporting Language (XBRL) in reporting financial statements.
A&A

FASB Adds Three Implementation Guides to XBRL Series

The FASB recently added three Implementation Guides to the XBRL series, including two for the insurance industry. The guides are designed to help users of the US GAAP Financial Reporting Taxonomy understand how certain disclosures are structured within the Taxonomy.
A&A

US GAAP Financial Reporting Taxonomy Now Available

On December 21, 2012, the Financial Accounting Standards Board (FASB) announced the availability of the 2013 US GAAP Financial Reporting Taxonomy pending final acceptance by the SEC.
A&A

Calcbench Named the Grand Prize Winner of the XBRL Challenge

Calcbench, an open source application that consumes corporate XBRL data and performs comparative analytics, was named the winner of the XBRL Challenge at the XBRL and Financial Analysis Technology Conference on February 29. The contest is for developers of applications that leverage XBRL-formatted data in the SEC EDGAR database.
A&A

Governments and Private Companies Exploring Benefits of XBRL

Congress is beginning to mandate the use of XBRL to track spending and improve transparency in government reports. Bills that contain language calling for the implementation of data standards, such as XBRL, have not yet passed into law, but the requirement could become part of the final payroll tax cut bill.
A&A

New XBRL and proposed 2012 US GAAP financial reporting taxonomy released

The IFRS Foundation, the oversight body of the International Accounting Standards Boards (IASB), has announced that it has completed the first part of its project to address requests for extensions to the IFRS XBRL taxonomy.
Technology

Seven tips for your first filing of detailed footnotes in XBRL

As organizations have completed their year-one SEC requirement with block note tagging in XBRL, they are preparing for the next major milestone: filing their detailed footnotes (DFN) in XBRL.
A&A

MACPA embraces XBRL in case study for private companies and nonprofits

Historically, the conversation about XBRL has centered on public companies, thanks to its promise of delivering timely, accurate, and transparent financial information to investors. That conversation is beginning to shift.
A&A

Challenges, best practices for the first XBRL filing

Thousands of small public companies will submit eXtensible Business Reporting Language (XBRL) financial reports, for the first time, with their regular June 15, 2011 filings with the SEC.
A&A

IFRS Foundation to enhance IFRS taxonomy to reflect common reporting practices

The IFRS Foundation has announced that it will publish supplementary tags for the IFRS Taxonomy that reflect disclosures that are commonly reported by entities in their IFRS financial statements.
A&A

FASB unveils XBRL 2011 taxonomy

Speakers at a recent FASB Webcast, XBRL 2011 Taxonomy Overview, presented an outline of what public company financial report preparers need to know about using the 2011 XBRL taxonomy.
A&A

Public companies must submit XBRL exhibits to SEC in 2011

The SEC in 2009 issued rules requiring public companies and foreign private issuers that prepare financial statements in accordance with US GAAP to attach an exhibit with all periodic filings that contains computer readable tags written in XBRL.
Technology

Public companies are getting the jump on XBRL adoption

XBRL US, the XML standard setter for business information reporting in the U.S., has announced that public companies are heeding the advice to "start early" in preparing for XBRL adoption.

XBRL US announces key findings

XBRL US announced key findings from its first-ever XBRL US Pacific Rim Technology Workshop last week in Santa Clara, California.

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