The latest on Using XBRL Data

Posted Saturday, December 23, 2017

Approved Guidance & Validation Rules

The Data Quality Committee – a collaborative of public companies, service providers and others working to improve standardized financial reporting – approved rules related to versions 4 and 5 and guidance for the Statement of Cash Flows in October, 2017. These freely-available resources help public companies detect inconsistencies or errors in their XBRL-formatted financial data.


Posted Thursday, December 21, 2017

Newsletter for the Business Reporting Standard

November/December, 2017 Regulatory & Legislative News SEC Publishes XBRL Datasets for Mutual Fund Risk/Return Data XBRL US News XBRL US Submits Letter to SEC on FAST Act Modernization and Simplification of Regulation S-K CFA View on Standards, Webinar Scheduled for January 10, 2018 XBRL Tagging in IFRS, Webinar Scheduled for January 31, 2018 Video Recording […more]


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Posted Thursday, December 7, 2017

Calcbench Newsletter (December 2017)

In this issue:
In this issue:

  • Talking about bitcoin
  • Corporate financial highlights
  • Breakups can be painful

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Posted Wednesday, December 6, 2017

Novaworks Recap – CFA Investor Forum Explores an Earnings Release Case Study

This Novaworks article recaps a presentation & audience discussion with Michelle Savage, Vice President of Communication for XBRL US, and Scott Theis, CEO of Novaworks, LLC and Chairman of XBRL US’s Domain Steering Committee, on the proposed development of an XBRL taxonomy to represent the data held within the release, which could be beneficial to […more]


Posted Monday, December 4, 2017

Point of View

Keep Calm and Check Your Work!

Lou Rohman, Vice President, XBRL Services, Merrill Corporation; Chair, XBRL US Data Quality Committee

Accountants are sticklers for checking their work. The XBRL US Data Quality Committee also checks their own work, and now has proof that their rules and guidance are improving the accuracy of corporate XBRL financials.


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Posted Wednesday, November 15, 2017

Novaworks Recap – CFA Investor Forum Discusses Who’s Using XBRL and Why

This Novaworks article recaps CFA’s Investor Forum 2017, where a panel of industry experts discussed case studies that illustrate XBRL’s use in accounting and financial reporting and the rationale behind its adoption. This panel discussed different ways in which XBRL is employed in the financial sector.


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Posted Thursday, November 9, 2017

Calcbench Newsletter (November 2017)

In this issue:

  • Advanced Calcbench: How to use the XBRL Data Query tool
  • Tracking disclosure of hurricane damage
  • Time to regulate the unicorns?

Posted Monday, October 23, 2017

October 2017 Newsletter

September/October, 2017 Regulatory & Legislative News SEC Proposes XBRL Requirement for Corporate Financial Statement Cover Pages SEC Updates Interactive Data Test Suite with IFRS Test Cases SEC Updates Interactive Data Test Suite to Accommodate Files Prior to EDGAR Submission XBRL US News XBRL US and SunSpec Alliance Hold Orange Button Public Review SFAA and NASBP […more]


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Posted Friday, October 6, 2017

CFA Institute Publishes Blog: Realizing the Potential of Structured Data

Despite its presence and use for several years now, XBRL has not achieved its full potential for either investors or companies in the United States. One reason is that companies continue to see structured data as a compliance and cost burden, and they have shared these views with regulators. Securities regulators worldwide are examining costs […more]


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Posted Thursday, September 7, 2017

Calcbench Newsletter (September 2017)

In this issue:

  • Health of the health insurers
  • Business services sector: key metrics
  • Public Company Accounting Oversight Board’s list of priorities for inspecting audit firms this year
  • FASB’s new standard for hedge accounting

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