XBRL

XBRL Guide Now Available

The AICPA has just published a new book, XBRL Essentials, written by Charles Hoffman, CPA and Carolyn Strand, CPA, Ph.D. The book will help companies understand and use XBRL (eXtensible Business Reporting Language), a freely-available software format designed for the preparation and exchange of financial statements and other reports over the Internet.XBRL Essentials includes a comprehensive demonstration of the XBRL process and a detailed analysis of XBRL's relationship to XML and the Internet.The book is available from the AICPA by calling 888-777-7077.

International Specification for Financial Statements Unveiled

The London-based International Accounting Standards Committee (IASC) has released a draft taxonomy of XBRL for Financial Statements. The entire text of this document can be viewed on the IASC Web site.

XBRL: An Update on the Future of Financial Reporting, with Mike Willis

Session Moderator: I must thank Mike Willis for returning to our workshop series to give us an update and peek into the future of XBRL.Let me introduce Mike quickly and then we'll get onto what you came to "hear!" Mike Willis, CPA is the Partner and Deputy Chief Knowledge Officer of the Audit Practice at PricewaterhouseCoopers, LLP. He brings more than 18 years of experience to the table. He has responsibilities for applications and software tools used by the global audit and accounting profession of PricewaterhouseCoopers. Mr.

ACCPAC Applauds XBRL Release

ACCPAC,a member of the XBRL Steering Committee, has publicly announced its support and praise for the first XBRL specifications, released last week and announced in a story on AccountingWeb.A division of Computer Associates' interBiz group, the goal is to develop guidelines and specs that blend with the financial practices and tax rules followed on an international level.Barry Melancon, president and CEO of AICPA
A&A

XBRL Committee Releases Specs, Adds Members

Committee to Form International Organization to Position for Rapid Global Expansion and AdoptionThe XBRL Committee announced today that several new, leading companies and organizations have joined the XBRL initiative: ACCPAC International, Inc.; ACL Services Ltd; Bridge Information Systems; Dow Jones & Company, Inc.; e-Numerate Solutions Incorporated; eLedger.com, Inc.; Fidelity Investments; Financial Software Group; First Light Communications, Inc.; MIP, Inc.: Multex.com, Inc.; Oinke, Inc.; PeopleSoft, Inc.; U.S. Advisor, Inc.; Virtual Growth, Inc.; and XBRL Solutions, Inc.

XBRL Examined in Plain-Speak English

A new August 2000 Journal of Accountancy article written by Colorado CPA Wayne Harding, formerly with Great Plains, and Stanley Zarowin, a member of the JOA staff, examine XBRL and its applications to various accounting scenarios.In summary, Zarowin and Harding conclude that: XBRL, or eXtensible Business Reporting Language, will be the standard for all business reporting; the authors believe the process will be truly revolutionary. The software to enable XBRL will be built into the majority of all financial and reporting software. The software will seamless

Wayne Harding

Contact: wharding@greatplains.comPhone: 303-290-0123As a Great Plains’ Vice President Outsourcing, Mr. Harding focuses on utilizing Great Plains Software’s products and services in a BPO environment. He is also one of Great Plains’ key speakers focusing on new internal and external technology.Before joining Great Plains Software in 1989, Mr. Harding was president of his own CPA firm, which emphasized accounting software for microcomputers. His past employment includes KPMG and Deloitte & Touche. He received a B.S.

The Future of Financial Reporting - with Mike Willis

Session Moderator: Good afternoon everyone! Thanks for joining us today. We are thrilled that Mike Willis is leading our workshop today. Before we get started with the introductions, please allow me to remind you that this is your workshop. If you have any questions, feel free to ask. If we miss your question, I'll be sure to "collect" it and ask Mike to answer it at the end of the session. Mike Willis: Here is what I thought we would cover today. Why do we need/want XBRL?What does XBRL enable users to do? What is XBRL?

Mike Willis, CPA

MIKE WILLIS, CPA Partner and Deputy Chief Knowledge Office of the Audit Practice PricewaterhouseCoopers, LLPMike Willis has more than 18 years of accounting industry experience and is a Partner and Deputy Chief Knowledge Office of the Global Audit Practice of approximately 60,000 CPAs.

AICPA Press Release - April 6, 2000

American Institute of CPAs Leads Global XBRL Initiative to Facilitate The Exchange of Financial Statements Across All Technologies, Including The InternetUnited Effort Brings Global Financial, Accounting, and Software Communities Together to Create First XML-Based Specification Developed for Financial StatementsNEW YORK, NY, APRIL 6, 2000 – The American Institute of Certified Public Accountants (AICPA) announced today that as one of several sponsors of the international XBRL Project Committee, it is helping to develop and launch XBRL (eXtensible

XBRL Fact Sheet

Extensible Business Reporting Language (XBRL), formerly code named XFRML, is an open specification that uses XML-based data tags to describe financial statements for both public and private companies. XBRL benefits all members of the financial information supply chain. XBRL:A standards-based method with which users can prepare, publish (in a variety of formats), exchange and analyze financial statements and the information they contain.

XBRL for Financial Statements Questions and Answers

The following is a list of the more frequently asked questions regarding XBRL and how it will impact those who prepare and use financial statements. What is XBRL?What is XBRL used for?What are the benefits of XBRL for Financial Statements?Who will benefit from using XBRL?How does XBRL work? How does XBRL do this?
A&A

CPA Software Giants Join XBRL Effort

A number of prominent accounting software companies have signed on with Big 5 firms, the AICPA and international organizations to step up the push for XBRL.XBRL is short for Extensible Business Reporting Language, and is the brainchild of a consortium seeking to establish an international language to report financial information over the Internet.A few of the software companies participating in the effort include Navision, Best and Sage.
Technology

The Future of Financial Reporting

A number of leading accounting organizations, including AICPA, Arthur Andersen, Deloitte & Touche and PricewaterhouseCoopers, are backing a new XML-based financial standard to exchange information online.Known as the XBRL Project Committee, the goal is to roll out the standard--Extensible Business Reporting Language or XBRL--by July 1.XBRL also is supported by some of the most well-known software companies, including Microsoft, SAP and O
Community News

AICPA Develops XML-Based Language With Big 5 Accounting Firms

The American Institute of CPAs today announced a collaboration with all five of the Big 5 accounting firms to develop a new computer language intended specifically for the preparation and exchange of financial reports and data.Much has been written over the past year about the advantages of Extensible Markup Language, known as XML—a code similar in format to HTML, or the language of the Internet.

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