The XBRL US Data Quality Committee responded to FASB’s Invitation to Comment on Efficiency and Effectiveness of GAAP Financial Reporting Taxonomy.
Items tagged with "analysts"
In this issue:
- Employee severance costs, 2014-2017
- Gleaning intelligence on Hulu’s finances
- SEC speaks on new revenue standard
XBRL data gives small businesses the tools to conduct critical analysis needed to make “go/no go” decisions on major life cycle changes. Should a company go public? Merge with another company? Be acquired? Understanding the path taken by other small businesses can help them determine the best course for themselves. With tools like XBRL data […more]
In this issue:
- Goodwill impairment turns around
- Leasing costs in the Internet sector
- Patterns in deferred revenue, 2011-2016
XBRL US strongly opposes Section 411 of Subsection C of Title IV in the Financial CHOICE Act, a provision to exempt small companies from XBRL filing and which will have significant negative repercussions on both Wall Street and Main Street. Read the XBRL US argument on Section 411 in a letter to the House Financial Services Committee.
Marcum LLP successfully created a computer-readable WIP report to help contractor clients provide financial performance data to surety carriers that can be automatically extracted with no rekeying of data. Marcum created the report by performing a one-time mapping using a spreadsheet add-in that converted the WIP data into XBRL format. XBRL is an open data […more]
The Hartford demonstrates how a one-time investment in data standards can be used by brokers to streamline their own data processing; and by surety carriers to eliminate the need for manual data entry, improve the credit evaluation process and offer better service to contractor customers.
GO BIG! In addition to the Data Toolkit – freely-available APIs, spreadsheet templates, a Chrome browser add-on and documentation – every XBRL US Member can get updated schema documentation and query data in near real-time from this growing resource of filings submitted to the SEC since 2009.
Not an XBRL US Member, yet? Maybe it’s time to consider joining for yourself or your organization.
Structured financial reporting offers considerable value to investors today. additional improvements would increase its value considerably. Investors are not fully aware of the tools currently available and how these tools can assist in their investment process. The program will explore how technology, like the XBRL data standard, can be harnessed to reform the financial reporting […more]