XBRL can be used for numerous business reporting applications including public company financial statements, regulatory reporting, even tracking and valuing of mortgage-backed securities.
Below is the library of case studies, white papers and other research conducted by XBRL US with support from member and non-member organizations.
- [...more] || posted December 21 Morningstar, an investment research and investment management firm headquartered in Chicago, provides data on approximately 525,000 investment offerings, and began collecting data in XBRL format in 2012, starting with data from Taiwan and Japan. In 2016 they began working with US-based corporate data in XBRL format and will be making this available to clients in
- [...more] || posted December 20 Corporate earnings are of keen interest to investors as a critical measure of value. But “unremitted (untaxed) foreign earnings”, which have significant implications for corporate earnings, may be off the radar screen of many investors simply because of its placement in company filings, embedded in the notes to the financials. The cumulative balance of untaxed
- [...more] || posted December 19 Corporate financials are now affordable, educating tomorrow’s investors. Professor Mike Phillips at California State University – Northridge, helped his students establish a student-run investment fund that today manages $3.5 million. The fund contains three portfolios – 1) an ETF (exchange traded fund); 2) a traditional common stock portfolio with an emphasis on growth and quality;
- [...more] || posted December 17 BDO USA, LLP, the US member firm of BDO International, a global accounting network, was asked to evaluate the fair value of the intangible assets acquired as part of a business combination. A primary factor in this type of evaluation is determining the reasonableness of the underlying projections used to support the intangible asset values.
- [...more] || posted December 12 This paper provides the XBRL US position on the use of financial data standards and recommends adopting the freely available, open XBRL data standard for all financial data reporting required by U.S. regulators. Only the XBRL standard has 1) the appropriate format to render data computer-readable; 2) the appropriate information component to clearly and consistently
- [...more] || posted June 29 The CFA Institute published a study supporting structured data, naming the following benefits to investors: Improves financial statement accuracy Improves productivity Increases opportunity for higher returns Allows for better risk management Empowers the analyst The study goes on to note that other areas of corporate disclosures that are not currently tagged would be helpful to
- [...more] || posted May 2 The XBRL US Surety Working Group has published a business case Data Standards in Surety Underwriting, which outlines alternatives to bring standards into the surety underwriting process and recommends the use of XBRL to improve efficiency and timeliness. The following issues with today’s surety underwriting process can be improved through standards: High costs. Entering data by hand into
- [...more] || posted November 30 Every year, public companies report a single 10-K and three 10-Qs; each of these reports contain facts that are duplicates of facts reported in previous filings. XBRL US analyzed filings for 498 companies representing the market to identify how public company disclosures can be made more effective. Key findings from the research: Significant amounts of
- September 2 Open data standards improve the corporate financial reporting process, making financial data from public companies easier to extract, more timely and more granular. Read this 2-page flyer on how data processing has been transformed with the use of XBRL for financial statement data. || posted
- December 31 Corporate reporting to government agencies is riddled with inefficiency, unnecessary costliness and waste – both for agencies and corporations. This paper features United Technologies in a case study that demonstrates the current process and offers up a solution involving the use of XBRL. || posted
- [...more] || posted December 31 Read the results of a business case advocating a transformation in the way corporate actions announcements are communicated in the United States, allowing investors to receive information on such corporate actions as mergers, dividends, stock splits and other events in a more timely, accurate and less costly way, directly as specified by the issuer or
- December 30 This paper discusses state-of-the-art technology issues in XBRL development and maintenance with contributions from XBRL US members. || posted
- January 1 This white paper provides a detailed description of the complexities of the MBS marketplace and how the use of XBRL could make MBS information more transparent and functional, giving investors what they need to value the assets. || posted
- December 31 Describes the creation and results of a global data repository based on XBRL for bank institution call reports for the FDIC, OCC and Federal Reserve. || posted