XBRLSpy - XBRL News

Google News - XBRL: XBRL US Publishes 2012 Corporate Actions Taxonomy Release for Public Review - MarketWatch (press release)

Thu, 17 May 2012 10:25:28 -0700

XBRL US Publishes 2012 Corporate Actions Taxonomy Release for Public Review
MarketWatch (press release)
NEW YORK, May 17, 2012 /PRNewswire via COMTEX/ -- XBRL US announced today that it had published the second release of the Corporate Actions Taxonomy for public review and comment. The new release has been updated to accommodate the active ISO 20022 ...

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Hitachi Data Interactive: How to Differentiate Disclosure Management Features

Wed, 16 May 2012 07:21:16 -0700

Companies are quickly migrating from outsourcing with third party XBRL tagging vendors to built-in application implementations, which are also commonly known as 'Disclosure Management' applications. With the March 31, 2012 XBRL reports submitted to the SEC's EDGAR over 2,000 companies have made this transition. As a result of these 'built-in' implementations, leading practice companies are realizing 30%+ cost and time reductions in their report assembly and review processes.

For the companies that are considering Disclosure Management applications, there are some features that may help to differentiate individual application feature strengths and weaknesses as it relates to company specific reporting environment process, controls and diversity of reporting requirements.

Following is a listing of some of the differentiating features reporting professionals may consider when assessing the effectiveness of Disclosure Management applications for their specific and unique reporting environment and corporate culture:

Client Server or SAAS - The implementation approach may have an effect on how Disclosure Management applications are used as well as potential access to and security of draft company reports. Client Server implementations typically require engagement of corporate IT Resources where SAAS implementations may require less consideration of internal corporate infrastructure. Certain SAAS-oriented Disclosure Management applications may not enable connectivity to source systems, thereby requiring an incremental manual step to upload relevant source information into the SAAS platform. Further, the nature of the application (e.g. Client Server of SAAS) may also affect license and maintenance costs as well as the timeliness of application updates. Care should be taken to understand licensing costs for some SAAS applications where costs are associated with report volume; and can appear to be very reasonable when thinking about the problem in the context of three 10-Q's and a 10-K per year and possibly less reasonable when thinking about the hundreds to thousands of compliance reports required by regulators here in the U.S. as well as in countries around the world.

Connectivity with the full range of source systems relevant to reporting and quality analysis. How does the Disclosure Management application 'connect' to company consolidation, ERP, spreadsheet applications and other relevant information sources? How easy can reporting professionals connect to the broad range of internal information sources relevant to reporting?

Interoperability -- Connectivity with relevant information sources via a semantic XBRL-format interface. Does the Disclosure Management application 'consume' XBRL thereby enabling reporting professionals to pull information from a broad range of information sources including external sources such as the SEC EDGAR system? In the short term, the ability to consume XBRL is particularly relevant for those companies looking to streamline their peer analysis and risk assessment processes. In the longer term, the ability to pull standardized content from a range of internal data stores may be particularly relevant to a broad range of performance management, business intelligence and integrated reporting efforts.

Taxonomy Mapping -- automated taxonomy mapping "wizards" that provide suggestions for specific taxonomy elements relevant to specific company disclosures. More advanced Disclosure Management applications also provide peer company benchmarking on disclosure elements. Reporting professionals may also want to inquire as to the range of taxonomies for which the mapping wizards apply and how quickly new taxonomy versions are incorporated.

Taxonomy Management -- features targeting the import, view, and management of multiple taxonomies relevant for a single report. Reporting professionals may also want to inquire as how Disclosure Management applications handle unused extension elements and presentation links, the units registry and the timeliness of addressing new taxonomy releases.

Rules Management -- features enabling assessment and analysis of various standardized rule bases such as those outlined in the SEC's EDGAR Filer Manual and those developed and maintained by company reporting professionals. Reporting professionals may also want to inquire as to the collaborative nature of rules with others, both within the company and within the vendor customer base.

Collaborative Workflow and Controls -- Empower the entire extended reporting team to collaborate on report disclosures (within a single document or one constructed of document components) in a simultaneous, multi-user process. Collaborative processes within controlled workflows that enable management oversight and monitoring of widely distributed and authorized professionals who can author, tag, review and edit disclosures. This common feature empowers reporting professionals to more effectively share and build corporate intellectual property and when desirable collaborate with trusted partners outside of the enterprise (e.g. legal counsel, audit committee members, third party auditors, advisors, etc.).

Report management -- Manage a broad range of report attributes highly relevant for reporting professionals including the roll forward of prior period values, metadata, dates, headers, references, etc.; and the synchronization of report disclosures and related metadata used within a single report and/or across multiple reports; and report navigation including ease of disclosure filtering, visualization, reference management, comments and revisions management; and query or search capabilities across disclosure content and related metadata.

Presentation management -- Management of a broad range of reporting templates reusing company disclosure information. Value added features may include a range of reporting formats (e.g. pdf, html, ppt, xls, doc, xbrl, EDGARization, etc.) as well as standardized communication methods including RSS.

Reference management -- Identification and management of the explicit relationships between disclosures and relevant standards and SEC Regulations (such as those included within the US GAAP Taxonomy) as well as those within the company such as those relevant to company policies and resources.

Analytical Assessments -- Support for reporting professionals to effectively interrogate draft and final reports to identify reporting issues that some investors and analysts may perceive as material errors. Reporting professionals may want to inquire as to how the Disclosure Management application enables them to more effectively identify common disclosure meta-data issues and make the subjective assessments critical for high quality reports. This feature is particularly relevant when it enables identification and review of subjective assessments in the presentation context of reported disclosure.

Technical Compliance -- Support of the XBRL Technical Specification and periodic updates including the XBRL Inline Specification (iXBRL) which is increasingly the compliance format of choice for regulatory XBRL mandates.

Support -- Technical support for users in countries around the world, including taxonomies and rules relevant to specific regulatory agency reporting requirements. Support would also include languages relevant to professionals working in countries around the world (e.g. English, French, German, Japanese, Mandarin, Spanish, etc.).

Solvency II Taxonomy -- support for this taxonomy requiring information disclosures as well as those for risk models and formulas. This feature is particularly relevant to reporting professionals in the insurance sector and may also be more broadly relevant to reporting professionals looking to collaborate on reporting concepts such as financial and nonfinancial Key Performance Indicators.

While the above is certainly not a complete listing, it does provide reporting professionals with some feature topics that may be useful when considering Disclosure Management alternatives. When discussing these features with software vendors, it is a good idea to ask questions in the form of "How does the application do XYZ?" question rather than simply "Does the application do XYZ?" The response to a 'How does' question may allow reporting professionals to gain better insights as to the level of complexity, effort, time, cost for a particular feature rather than a more 'yes' or 'no' response as to the existence of a specific feature. How does that sound?

Comments to this blog that identify additional differentiating features would be greatly appreciated.

by Mike Willis

Google News - XBRL: ACORD, XBRL Seek Business Data Standards - Information Management

Wed, 16 May 2012 05:16:16 -0700

ACORD, XBRL Seek Business Data Standards
Information Management
May 16, 2012 – ACORD and XBRL International (XII) have agreed to explore areas in which their XML-based standards may present interoperability opportunities. XBRL has become an Association Member of ACORD, and ACORD is a Direct Association Member of ...

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Google News - XBRL: Counter Terror Expo US Exhibitor Profiles - MarketWatch (press release)

Tue, 15 May 2012 12:52:54 -0700

Counter Terror Expo US Exhibitor Profiles
MarketWatch (press release)
Business Wire also handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR, FSA and other systems. Communications professionals turn to Business Wire to optimize and issue press releases, photos and multimedia to news ...

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Google News - XBRL: ACORD, XBRL Explore Interoperability - Insurance Networking News

Tue, 15 May 2012 11:50:20 -0700

ACORD, XBRL Explore Interoperability
Insurance Networking News
Collaboration will progress with a proof of concept describing areas where ACORD data standards may map to XBRL insurance solvency and other business information taxonomies. ACORD and XBRL International (XII) reported today that they have agreed to ...

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Google News - XBRL: Breaking Exhibitor News from Major Trade Shows and Conferences Available ... - MarketWatch (press release)

Mon, 14 May 2012 09:57:01 -0700

Breaking Exhibitor News from Major Trade Shows and Conferences Available ...
MarketWatch (press release)
A recognized disclosure service in the United States, Canada and a dozen European countries, Business Wire handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR and other systems. Business Wire provides online newsroom ...

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Google News - XBRL: ChinaNet Online Holdings, Inc. to Host First Quarter 2012 Financial Results ... - MarketWatch (press release)

Mon, 14 May 2012 04:31:14 -0700

ChinaNet Online Holdings, Inc. to Host First Quarter 2012 Financial Results ...
MarketWatch (press release)
The Company is filling for an extension due to delays in compiling the required information for XBRL. Mr. Handong Cheng, Chairman and CEO of ChinaNet, Chief Operating Officer and Secretary Mr. George Chu, will host the conference call.

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Google News - XBRL: SEC Explores Option for 2-in-1 Filing Method - Compliance Week

Mon, 14 May 2012 03:18:06 -0700

SEC Explores Option for 2-in-1 Filing Method
Compliance Week
Currently, public companies submit their financial information under both the traditional HTML format and the newer, data-interactive XBRL format, which more readily facilitates financial research and analysis. In-line XBRL is a hybrid approach where ...

Google News - XBRL: Investors fret about cutting through the clutter - Hindu Business Line

Sat, 12 May 2012 10:04:19 -0700

Hindu Business Line

Investors fret about cutting through the clutter
Hindu Business Line
We expect that the implementation of XBRL will change the way companies disseminate information.” XBRL (eXtensible Business Reporting Language) is a language used for electronic communication of business and financial data. Some market players, however ...

Google News - XBRL: Thomson Reuters Launches End-to-End SEC Reporting Solution - The FINANCIAL

Fri, 11 May 2012 05:48:08 -0700

Thomson Reuters Launches End-to-End SEC Reporting Solution
The FINANCIAL
The FINANCIAL -- Thomson Reuters today announced the launch of a next generation solution to facilitate the filing of financial disclosures with the US Securities and Exchange Commission (SEC) in alignment with the SEC's XBRL mandate.
Thomson Reuters debuts SEC reporting systemBanking Business Review

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Google News - XBRL: Hot Topics Recap: London Olympics/Summer Games - SYS-CON Media (press release)

Fri, 11 May 2012 05:21:32 -0700

Hot Topics Recap: London Olympics/Summer Games
SYS-CON Media (press release)
A recognized disclosure service in the United States, Canada and a dozen European countries, Business Wire handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR and other systems. Business Wire provides online newsroom ...

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Google News - XBRL: CTD Holdings, Inc. Announces That Its Form 10-Q for the First Quarter 2012 ... - MarketWatch (press release)

Fri, 11 May 2012 04:36:11 -0700

CTD Holdings, Inc. Announces That Its Form 10-Q for the First Quarter 2012 ...
MarketWatch (press release)
At present, the accounting staff is caught up but will miss the deadline due to printer's timing requirements for Edgarizing and XBRL coding. Despite the delay, the Company is pleased to announce that it will report record revenue of $441909 for the ...

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Google News - XBRL: ACRA proposes enhancements to XBRL system - Channel News Asia

Fri, 11 May 2012 02:09:47 -0700

ACRA proposes enhancements to XBRL system
Channel News Asia
It is the first time that ACRA is enhancing its XBRL (eXtensible Business Reporting Language) filing system since it was launched in 2007. ACRA said with the proposed enhancements, companies can prepare their financial statement without having to ...
Acra plans system tweaks to improve filingStraits Times

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Google News - XBRL: Thomson Reuters Launches End-to-End SEC Reporting Solution - Metropolitan Corporate Counsel

Thu, 10 May 2012 08:03:45 -0700

Thomson Reuters Launches End-to-End SEC Reporting Solution
Metropolitan Corporate Counsel
Thomson Reuters has announced the launch of a next generation solution to facilitate the filing of financial disclosures with the US Securities and Exchange Commission (SEC) in alignment with the SEC's XBRL mandate. Thomson Reuters Disclosure Solutions ...

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Google News - XBRL: Thomson Reuters debuts SEC reporting system - Banking Business Review

Thu, 10 May 2012 07:28:50 -0700

Thomson Reuters debuts SEC reporting system
Banking Business Review
Thomson Reuters has unveiled a new solution for filing of financial disclosures with the US Securities and Exchange Commission (SEC) in alignment with the SEC's XBRL mandate. The latest offering, which is part of the Thomson Reuters Accelus suite of ...
Thomson Reuters Launches End-to-End SEC Reporting SolutionWebWire (press release)

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Google News - XBRL: Thomson Reuters Launches End-to-End SEC Reporting Solution - WebWire (press release)

Wed, 09 May 2012 10:05:56 -0700

Thomson Reuters Launches End-to-End SEC Reporting Solution
WebWire (press release)
New York — Thomson Reuters today announced the launch of a next generation solution to facilitate the filing of financial disclosures with the US Securities and Exchange Commission (SEC) in alignment with the SEC's XBRL mandate.
Thomson Reuters debuts SEC reporting systemBanking Business Review

all 4 news articles »

Hitachi Data Interactive: As DATA Act Heads to Senate, Advocates Plug XBRL to Meet Mandate

Wed, 09 May 2012 08:54:19 -0700

The Digital Accountability and Transparency Act is headed to the Senate after the U.S. House of Representatives passed the measure to establish a consistent, transparent method for reporting federal spending information and making it accessible to anyone with an Internet connection.

The bill doesn’t mandate XBRL as the medium for gathering and reporting data, but it instructs the Federal Accountability and Spending Transparency Commission, to be formed by the bill, to incorporate existing nonproprietary standards such as XBRL if it’s practical to do so. XBRL advocates, like Barry Melancon at the American Institute of Certified Public Accountants and Campbell Pryde at the XBRL US consortium, are already stumping for XBRL to fill the need.

The DATA Act moved quickly through the House after outrage mounted over a lavish Las Vegas conference staged by the General Services Administration. The bill’s primary objective is to make government spending more transparent to the average American, but it also sets caps for government spending on travel and professional conferences.

Whatever brought it to a quick, unanimous vote in the House, groups like the newly formed Data Transparency Coalition are rejoicing at what it means for the proliferation of consistent data identifiers and markup languages for federal spending information. The Act, if approved by the Senate, will establish a complete, accurate, searchable web-based platform to allow the average American to access current government spending data on the Internet.

In a prepared statement, Melancon XBRL would create “intelligent data” to meet the bill’s mandate for consistent electronic identifiers and markup language. “A tag can be attached to each piece of data in a financial or business report,” he said. “All of the tagged data would be put on one public platform, which would make government spending more transparent.”

Pryde also assured the House knows how free and open XBRL is, and that it was developed specifically to provide the kind of reporting of financial and performance-related information that the DATA Act seeks to establish. “The ability of XBRL to enable greater standardization means that government agencies and the entities reporting to them can leverage the same software and infrastructure from agency to agency, and even more importantly, they can avail themselves of the tools already available on the market today,” he wrote to the House to support the measure. “XBRL is a low-cost solution that needs no further development and can leverage existing market tools, infrastructure and expertise.

The bill begins in the Senate with the Committee on Homeland Security and Governmental Affairs.

Google News - XBRL: THOMSON REUTERS CORP : Thomson Reuters Launches End-to-End SEC Reporting Solution - 4-traders

Wed, 09 May 2012 08:13:16 -0700

THOMSON REUTERS CORP : Thomson Reuters Launches End-to-End SEC Reporting Solution
4-traders
New York - Thomson Reuters today announced the launch of a next generation solution to facilitate the filing of financial disclosures with the US Securities and Exchange Commission (SEC) in alignment with the SEC's XBRL mandate.

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Google News - XBRL: Reinventing the Role of the Financial Printer - PR Newswire (press release)

Wed, 09 May 2012 07:18:33 -0700

Reinventing the Role of the Financial Printer
PR Newswire (press release)
The SEC final rulings that affect 33 and 40 Act companies isn't news to anyone, nor is the reality of the deadlines to produce the print, SEC compliant HTML, and XBRL documents news to any Fund Administrator, Fund Accountant, Mutual Fund Marketing ...

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Google News - XBRL: Reinventing the Role of the Financial Printer - MarketWatch (press release)

Wed, 09 May 2012 07:18:04 -0700

Reinventing the Role of the Financial Printer
MarketWatch (press release)
The SEC final rulings that affect 33 and 40 Act companies isn't news to anyone, nor is the reality of the deadlines to produce the print, SEC compliant HTML, and XBRL documents news to any Fund Administrator, Fund Accountant, Mutual Fund Marketing ...

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Google News - XBRL: Thomson Reuters Launches End-to-End SEC Reporting Solution - Compliance Week

Wed, 09 May 2012 06:43:19 -0700

Thomson Reuters Launches End-to-End SEC Reporting Solution
Compliance Week
Thomson Reuters has announced the launch of a next-generation solution to facilitate the filing of financial disclosures with the Securities and Exchange Commission in alignment with the SEC's XBRL mandate. Thomson Reuters Disclosure Solutions will ...

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Google News - XBRL: Thomson Reuters Launches End-to-End SEC Reporting Solution - AFX News

Wed, 09 May 2012 06:29:02 -0700

Thomson Reuters Launches End-to-End SEC Reporting Solution
AFX News
New York — Thomson Reuters today announced the launch of a next generation solution to facilitate the filing of financial disclosures with the US Securities and Exchange Commission (SEC) in alignment with the SEC's XBRL mandate.

and more »

Google News - XBRL: Thomson Reuters unveils SEC reporting system - Finextra

Wed, 09 May 2012 06:24:41 -0700

Thomson Reuters unveils SEC reporting system
Finextra
Thomson Reuters today announced the launch of a next generation solution to facilitate the filing of financial disclosures with the US Securities and Exchange Commission (SEC) in alignment with the SEC's XBRL mandate.

Google News - XBRL: Interop Las Vegas 2012 News and Multimedia from Business Wire Clients ... - MarketWatch (press release)

Mon, 07 May 2012 12:04:54 -0700

Interop Las Vegas 2012 News and Multimedia from Business Wire Clients ...
MarketWatch (press release)
A recognized disclosure service in the United States, Canada and a dozen European countries, Business Wire handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR and other systems. Business Wire provides online newsroom ...

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Google News - XBRL: CTIA WIRELESS 2012 News and Multimedia from Business Wire Clients Available ... - MarketWatch (press release)

Mon, 07 May 2012 11:46:14 -0700

CTIA WIRELESS 2012 News and Multimedia from Business Wire Clients Available ...
MarketWatch (press release)
A recognized disclosure service in the United States, Canada and a dozen European countries, Business Wire handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR and other systems. Business Wire provides online newsroom ...

and more »

Google News - XBRL: Breaking Exhibitor News From Major Trade Shows and Conferences Available ... - MarketWatch (press release)

Mon, 07 May 2012 11:03:24 -0700

Breaking Exhibitor News From Major Trade Shows and Conferences Available ...
MarketWatch (press release)
A recognized disclosure service in the United States, Canada and a dozen European countries, Business Wire handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR and other systems. Business Wire provides online newsroom ...

Google News - XBRL: TaurusQuest Adopts Virtual Desktop Infrastructure Solution to Secure ... - Sacramento Bee

Mon, 07 May 2012 10:03:18 -0700

TaurusQuest Adopts Virtual Desktop Infrastructure Solution to Secure ...
Sacramento Bee
TaurusQuest's DataTracks unit is a global leader in the preparation of financial statements in XBRL and iXBRL format for regulatory filings in the US, UK and India. TaurusQuest also provides outsourced accounting and outsourced legal services to many ...

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Google News - XBRL: TaurusQuest Adopts Virtual Desktop Infrastructure Solution to Secure ... - PR Newswire (press release)

Mon, 07 May 2012 09:07:00 -0700

TaurusQuest Adopts Virtual Desktop Infrastructure Solution to Secure ...
PR Newswire (press release)
TaurusQuest's DataTracks unit is a global leader in the preparation of financial statements in XBRL and iXBRL format for regulatory filings in the US, UK and India. TaurusQuest also provides outsourced accounting and outsourced legal services to many ...

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Google News - XBRL: XBRL Pre.xml File - TheStreet.com (press release)

Fri, 04 May 2012 09:16:58 -0700

XBRL Pre.xml File
TheStreet.com (press release)
By Business Wire 05/03/12 - 10:54 AM EDT Business Wire's Monthly Retail Report is available on the day that retail sales figures for the previous month's sales are announced by the various retailers nationwide, usually the first Thursday of each month.

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Google News - XBRL: ALLSTATE LIFE INSURANCE CO FILES (8-K) Disclosing Other Events, Financial ... - Insurance News Net (press release)

Fri, 04 May 2012 05:39:31 -0700

ALLSTATE LIFE INSURANCE CO FILES (8-K) Disclosing Other Events, Financial ...
Insurance News Net (press release)
INS XBRL Instance Document 101.SCH XBRL Taxonomy Extension Schema 101.CAL XBRL Taxonomy Extension Calculation Linkbase 101.DEF XBRL Taxonomy Extension Definition Linkbase 101.LAB XBRL Taxonomy Extension Label Linkbase 101.PRE XBRL Taxonomy Extension ...