This publication is available to members and non-members. Complete the form on the left-side of this page to start receiving it in your inbox. To see our past issues, view our archives.
 |
Newsletter for XML Business Reporting Standards
May 2012 |
| XBRL US has developed taxonomies for U.S. GAAP reporting by public companies, credit rating agencies and mutual funds, and corporate actions. XBRL US also develops tools and holds educational training programs to support preparers and users of XBRL data with a goal of creating the highest quality data. |
|
Legislative News
XBRL News
XBRL Events
|
|
Legislative News
DATA Act Passed Unanimously by U.S. House of Representatives
The DATA Act, which is co-sponsored by Darrell Issa, R-Calif., chairman of the House Oversight and Government Reform Committee and Rep. Elijah Cummings, D-Md., ranking member of the Oversight Committee, was passed unanimously on April 25, 2012 in the House of Representatives. The bill requires the use of data standards, like XBRL, for federal spending information - building upon the proven "Recovery Operations Center" and the landmark USASpending.gov - to build a single electronic system that combines spending information from agencies, the Treasury, and recipients of federal funds.
Read more about the bill: http://thomas.loc.gov/cgi-bin/bdquery/z?d112:H.R.2146:@@@L
Watch a video about the bill: http://www.youtube.com/watch?v=qP11MPmsiIk
Read XBRL US' letter supporting the DATA Act: http://xbrl.us/learn/documents/2012HR2146letter.pdf 
XBRL US CEO Campbell Pryde Provides Testimony to House Ways & Means Subcommittee
Campbell Pryde, President and CEO of XBRL US, provided testimony to a Subcommittee on Human Resources of the Committee on Ways and Means on Thursday, April 19, 2012. His testimony covered the use of technology to eliminate waste, fraud and abuse, specifically addressing the benefits of XBRL for financial and performance reporting and the differences between XML and XBRL.
Read the release: http://xbrl.us/News/Pages/04192012.aspx
Read the testimony: http://xbrl.us/Learn/Documents/XBRLUS-Testimony04192012.pdf
XBRL News
XBRL US Publishes New 2012 Release of Corporate Actions Taxonomy
On Friday May 4, the 2012 release of the Corporate Actions Taxonomy was made available for public review and comment. The Public Review period will close on June 15th 2012. The taxonomy, Architecture and Scope documents, release details and sample instance documents are now available online.
View the taxonomy: http://xbrl.us/taxonomies/Pages/2012corpactions.aspx
XBRL International Launches XBRL Foundation Certificate Program Covering Technical Specification; XBRL US to Launch Separate XBRL US GAAP Certificate in Fall 2012
XBRL International's XBRL Foundation Certificate is designed to provide education and training on technical specifications of XBRL. It includes five learning modules designed to provide a solid foundational knowledge of the XBRL specification. The program covers a broad range of topics including a comparison of business reporting methods, the business requirements that drove the development of the XBRL Specification, the general architecture of XBRL, the specification?s main components and the basics of modeling for XBRL taxonomy development.
Separately, XBRL US will be launching an XBRL US GAAP Certificate in Fall 2012 which will give participants in the program a solid understanding of how to work with the US GAAP Taxonomy for SEC reporting including tagging face financials, detailed footnotes, validation, extensions, managing release versions and best practices. CPE will be offered for all coursework.
Learn more about the XBRL Foundation Certificate: http://www.xbrl.org/foundations_certificate
Email us to get updates about the Fall launch of the XBRL US GAAP Certificate Program training@xbrl.us
XBRL Events
4th Annual XBRL US National Conference: Current Developments in XBRL Financial Reporting, Training and Best Practice for Public Companies & Auditors, to be Held September 10-12, 2012 in Austin, TX
Mike Starr of the Securities and Exchange Commission and Gary Hoover, entrepreneur and Founder of Hoovers, will provide keynote addresses at this year's XBRL US National Conference. The conference will again focus on training, education and best practice for public company financial executives and auditors. Sessions will feature more public company case studies, a FASB discussion of new ASUs and how to implement them in XBRL and the value proposition for investors. Interactive training sessions on detailed footnote tagging and how to review key areas will give public company registrants practical guidance they can apply immediately.
Get details and register: http://conference.xbrl.us
XBRL Detailed Footnote Tagging Workshop to be Held May 23, 2012 in New York City
Experienced XBRL professionals who have prepared and reviewed hundreds of XBRL financial statements will teach registrants how to select, tag and model five separate footnotes - acquisitions, AOCI roll-forwards, debt, income tax, segments (with discussion on how to apply skills learned to other footnotes). Instructors will also cover how to review the XBRL document for proper structure, mapping, completeness and accuracy, and will discuss best practices and how to establish the right controls process. Attendees will be eligible for 10 CPE in NASBA's Accounting Field of Study (Group-Live).
Learn more and register: http://xbrl.us/DFTworkshop
About XBRL US Membership
Our members are committed to engaging and collaborating with other members, contributing to the standard through involvement of their teams, and striving to build awareness and educate the market. Members of XBRL US represent the full range of the business reporting supply chain.
Find out more about the benefits of membership and how to become involved by visiting http://xbrl.us/membership.
|
|
| |