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June 2009 Newsletter for XML Business Reporting Standards 

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.

XBRL US Newsletter
Newsletter for XML Business Reporting Standards
June 2009
XBRL US is the nonprofit consortium for XML business reporting standards, responsible for developing the digital dictionary for US GAAP reporting, mutual fund risk return summaries and the schedule of investments. XBRL US develops taxonomies for other business reporting applications, and holds educational and training events for users and creators of XML data for business reporting.

Join Us

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.
XBRL US Training and Events

XBRL US to hold its annual conference on November 17-18 in New York City; directly follows FEI conference

XBRL US will hold its annual conference on November 17-18, 2009 at the Marriott Marquis in New York City with a focus on improving communication between public companies and investors through data and technology standards. The conference will be held in association with FEI (Financial Executives International), and will directly follow FEI's conference, "Current Financial Reporting Issues" which runs November 16-17, 2009. Special discounts are available to FEI members. XBRL US will also hold its Annual Meeting for members on November 17. To learn more about the conference and to register, go to http://xbrl.us/events/Pages/NatCon2009.aspx.

Learn more about the FEI conference: http://www.financialexecutives.org/cfri


XBRL US Pacific Rim Technology Summit and Workshop gives XML and XBRL practitioners an opportunity to network and learn

Technologists, XML developers, and product managers are invited to join XBRL US in Santa Clara, CA July 28 - 30, 2009 for a unique opportunity to learn, share ideas and network with XBRL and XML experts. Attendees will have the opportunity to brainstorm and network with industry leaders on topics related to XML-based data and technology standards and taxonomy management.

Highlights of the event include:
  • Hands-on workshop on taxonomy development and maintenance
  • Discussion panels on rendering, versioning, tagging, data quality, validation, business intelligence
  • Featured speakers:
    • Steve Wright, Director of Innovation, Salesforce.com Foundation
    • Michael Travis, Chief Operating Officer, Hitachi Information & Telecommunication Systems Global Holding Company
To learn more and register: http://xbrl.us/events/Pages/PacificRim.aspx

View detailed agenda: http://xbrl.us/events/Pages/PacRim/agenda.aspx


Next SEC Filer Training Workshop led by XBRL US taxonomy experts to be held in San Francisco

Experts from the XBRL US project team that developed the US GAAP Taxonomies will be teaching an in-person training workshop to educate preparers on how to create XBRL-formatted financial statements for mandatory submission to the Securities and Exchange Commission (SEC). This hands-on session will demonstrate how to use the XBRL US GAAP Taxonomies and how to convert primary financial statements and block tag footnotes into XBRL format. All attendees will leave the workshop with a completed XBRL-formatted financial statement and a repeatable step-by-step guide. The next workshop will be held in San Francisco on September 16, 2009. Preparers can register for this workshop at http://xbrl.us/events/Pages/Training.aspx. CPE credit is available.


Free educational webinar series helps filers get ready for SEC mandate

XBRL US continues its ongoing series of free live webinars designed to help companies implement XBRL reporting. The program includes key steps, decisions and considerations for implementing XBRL, an overview of the SEC rule that requires XBRL for public company reporting, how to use a taxonomy and demonstrations on how create XBRL-formatted financial statements. The next webinar will be held July 22, 2009.

Register for upcoming webinars:

http://xbrl.us/events/Pages/current.aspx


Corporate Actions

Corporate Actions 2009 Conference reveals need for issuer involvement

One of the key findings at XBRL US? May 28, 2009 conference on corporate actions was the need for public companies to understand the current process and to follow industry-accepted standards in how corporate actions data is created and distributed. The event was held in New York City and attended by over 100 individuals representing securities processors, investor relations officers, software companies and others. The conference was held jointly with Securities Operation Forum and in association with The Depository Trust & Clearing Corporation (DTCC) and SWIFT. Also DTCC, SWIFT and XBRL US jointly announced a plan to improve the processing of corporate actions announcements.

Read the joint statement of direction:
http://www.dtcc.com/products/gca/improving_communications.php

Conference summary and keynote panel replay:
http://xbrl.us/events/Pages/corpact2009.aspx

Corporate Actions White Paper:
http://xbrl.us/pages/whitepaper_corpactions.aspx


Other News

XBRL International Conference: XBRL is rapidly evolving beyond financial reporting

More than 400 executives from some 40 countries met in Paris for the 19th XBRL International Conference, and it was clear that the XBRL footprint is rapidly expanding beyond compliance and financial reporting to a variety of other applications as a solution for improving transparency, reducing costs and increasing competitiveness.

"This conference is a sign that the curtain is rising on Act 2 for XBRL," Mark Bolgiano, CEO of XBRL US, said from the conference. "It's clear that XBRL is being used for all sorts of non-financial reporting activities. The momentum has taken us beyond a completely compliance-driven environment to one that's being driven by cost and competitiveness." Other highlights from the conference include:
  • French Ministry of Justice approves process for Infogreffe to accept electronic XBRL filings of company annual accounts
  • China mandates XBRL for mutual funds; planning for IPOs, futures and options; to Host XBRL International Conference in 2010
  • European Federation of Financial Analysts Societies (EFFAS) joins XBRL Europe
  • Stakeholders advocate use of XBRL for more than 200,000 corporate actions announcements annually in the US
Read the conference news release:
http://xbrl.org/Press%20Releases/2009/FINAL%20PARIS%20XBRL%20INTERNATIONAL%20RELEASE%2024June09%20with%20logo.pdf


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