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XBRL US Training and Events
Jeff Morgan, President and CEO, NIRI to keynote XBRL US annual conference; will also feature training for SEC filers and "lessons learned" from the SEC about XBRL filings received to date
XBRL US will hold its annual conference on November 17-18, 2009 in New York City with a focus on improving communication between public companies and investors through data and technology standards. Jeff Morgan, who heads the National Investor Relations Institute (NIRI), the largest association of investor relations professionals in the world, will provide a keynote address covering the need for transparency and how XBRL will affect the issuer-investor dialogue. The conference will also feature training sessions for SEC filers including how to work with the XBRL US GAAP Taxonomy to map financial statements, create extensions and XBRL-formatted financial statements, detailed tagging of footnotes and validating documents. Preparers from companies in the early phase of the SEC mandate will present case studies and SEC representatives will discuss the EDGAR filings received to date. The conference will directly follow FEI's conference, "Current Financial Reporting Issues" November 16-17, 2009. Special discounts are available to FEI members. CPE credit is available. To learn more about the conference and to register, go to http://xbrl.us/events/Pages/NatCon2009.aspx
XBRL US Pacific Rim Technology Workshop features advanced topics in XML and XBRL development
Technologists, XML developers, and product managers met in Santa Clara, CA July 28 - 30, 2009 for a unique opportunity to learn, share ideas and network with XBRL and XML experts. Attendees had the opportunity to brainstorm and network with industry leaders on topics related to XML-based data and technology standards and taxonomy management. Highlights from the Workshop include:
- XBRL was presented as opportunity to streamline complex the corporate actions announcement process
- Fujitsu, Ernst &Young, XBRL US, and IASC representatives debated issues and approaches to converging US, Japan and IFRS taxonomies
- Dr Wilson So of Hitachi America Ltd. talked about sustainability reporting as an XBRL adoption driver
- XBRL Standards Board members discussed approaches to taxonomy versioning
- XBRL US and XBRL Japan explained their approaches to development and maintenance of XBRL taxonomies
Read more about the Workshop: www.xbrl.us/pacificrim
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. Upcoming webinars will be held on August 19 and September 17, 2009.
Register for upcoming webinars:
http://xbrl.us/events/Pages/current.aspx
SEC Reporting
Other News
XBRL US Joins OMG's Model Driven Message Interoperability (MDMI) Consortium
On June 29, 2009 XBRL US joined the OMG Model Driven Message Interoperability (MDMI) Consortium. The MDMI standard was designed to simplify message information conversion and remove barriers to interoperability in industries including the financial industry. "Recent momentum driven by regulation and compliance has only been accelerated as we turn to XBRL for enhanced efficiency, cost savings, and transparency," said Mark Bolgiano, President and CEO, XBRL US. "Interoperability and convergence among data standards is an important part of that "next level" for the standard, exemplified by our work to develop ISO-aligned corporate actions taxonomy in cooperation with The Depository Trust & Clearing Corporation (DTCC) and SWIFT." According to Bolgiano, "MDMI seeks to address the challenges of translation and cross-standards mapping, so there's a natural affinity of mission here."
Read the news release: http://www.omg.org/news/releases/pr2009/06-29-09.htm
XBRL US welcomes new member Trintech
Trintech is a major international provider of integrated financial GRC software, transaction risk management, and compliance solutions. Trintech enables global companies to achieve immediate return on investment (ROI) and excellence in financial governance, risk and compliance (GRC) and performance management through a comprehensive platform of account reconciliation, accounting compliance, and financial reporting applications across the financial lifecycle.
Please visit the XBRL.US website to learn more about all of our members at: http://www.xbrl.us/about/Pages/members.aspx
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