November Newsletter for XML Business Reporting Standards


Newsletter for XML Business Reporting Standards November, 2011
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.
XBRL US Activities White paper "Better Data for Better Decisions: Standards to Improve Corporate Government Reporting" Published Describing Problems in Corporate Reporting and XBRL as Solution XBRL US President and CEO Campbell Pryde to Present XBRL Update at AICPA National Conference on Current SEC and PCAOB Developments, December 7, 2011, Washington, DC Legislative Activities Standard DATA Act (H.R. 3339) Introduced by Ways and Means Subcommittee Chairman Geoff Davis (R-KY) and Ranking Member Lloyd Doggett (D-TX) XBRL Events Register for FREE XBRL US Webinar: Avoid Common Errors, December 12, 1PM ET Register for FREE XBRL US Webinar: Implementing XBRL for SEC Reporting, December 14, 2011, 3PM ET Earn CPE at XBRL US SEC Filer Training: Online portion December 13, 2011; in-person training in NYC, December 16, 2011
XBRL US Activities White paper "Better Data for Better Decisions: Standards to Improve Corporate Government Reporting" Published Describing Problems in Corporate Reporting and XBRL as Solution Featuring United Technologies as a case study, the white paper describes the inefficiencies in the current system which result in duplication and cost for public companies, lack of consistency and expense for agencies and time delays and inaccuracies for the public consuming this information. United Technologies spends over 12,000 man-hours on reporting to the BEA, Census Bureau, the SEC, Federal Reserve, Department of Labor and EEOC alone. Read more http://xbrl.us/Learn/Pages/CaseStudies.aspx XBRL US President and CEO Campbell Pryde to Present XBRL Update at AICPA National Conference on Current SEC and PCAOB Developments, December 7, 2011, Washington, DC On Wednesday, Dec 7 at 1pm, Campbell Pryde will present at the AICPA SEC conference on XBRL. The session will cover common issues and challenges that were found in these submissions and how to improve the quality of XBRL exhibits. Learn more at http://www.cpa2biz.com/AST/Main/CPA2BIZ_Primary/InternationalAccounting/PRDOVR~PC-SEC/PC-SEC.jsp Legislative Activities Standard DATA Act (H.R. 3339) Introduced by Ways and Means Subcommittee Chairman Geoff Davis (R-KY) and Ranking Member Lloyd Doggett (D-TX) New legislation would establish consistent requirements for the electronic content and format of data used in the administration of human services programs for child care, child support, foster care and adoption as well as unemployment insurance. Read full text of bill http://thomas.loc.gov/cgi-bin/query/z?c112:H.R.3339: Read AICPA article on bill http://blog.aicpa.org/2011/11/congress-is-keen-on-xbrl.html Read press release announcing bill http://geoffdavis.house.gov/News/DocumentSingle.aspx?DocumentID=267602 XBRL Events Register for FREE XBRL US Webinar: Avoid Common Errors, December 12, 1PM ET This program will cover errors identified in filings to date, ways to resolve them, levels of validation. Find out how you can check your XBRL documents for errors and learn about current industry practice. Get details and register for this free educational session http://xbrl.us/avoiderrors Register for FREE XBRL US Webinar: Implementing XBRL for SEC Reporting, December 14, 2011, 3PM ET Featuring Eric E. Cohen, Director, PwC, this program will cover a discussion of SEC observations and guidance, mapping, extending and tagging, quality control and validation plus important updates about the 2011 taxonomy. Get details and register for this free educational session http://xbrl.us/implementing Earn CPE at XBRL US SEC Filer Training: Online portion December 13, 2011; in-person training in NYC, December 16, 2011 Learn how to use taxonomies, convert primary financial statements and block tag footnotes in XBRL format. The training starts with a required 90-minute live online presentation and discussion on the US GAAP Taxonomy, SEC requirements and planning considerations. The second session is an 8-hour hands-on workshop at a training facility in New York. Attendees will be guided through the process of mapping, extending, tagging, creating and validating an XBRL submission. Participants will get hands-on practice with desktop and Web-based applications and learn about the SEC submission process. Space is limited - get details and register http://xbrl.us/training About XBRL US Membership Welcome and thanks to our newest member: ParenteBeard. 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.
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