Updates

Posted Monday, November 12, 2018

Approved Guidance & Validation Rules

In October, 2018, the Data Quality Committee – a collaborative of public companies, providers and data users working to improve standardized financial reporting – approved version 7 of freely-available rules and guidance to help filers using US GAAP and IFRS Taxonomies supported by the US Securities and Exchange Commission detect and resolve inconsistencies or errors in XBRL-formatted financial data.

Posted Thursday, October 11, 2018

The Calcbench Insider: October 2018

In this issue:

• Our first webinar featured guest Marc Siegel, former member of the Financial Accounting Standards Board
• Calcbench Cool Insights
  Unremitted foreign earnings, where are you?
  Exchange rate effects on cash.
• Geeking Out on the Filings
  Campbell Soup gets squeezed.
  Disclose your movie plans.
  Thoughts on structured data.

Posted Monday, October 1, 2018

XBRL Data Community

Be part of the growing number of professionals using the XBRL application programming interface (API) with enhanced capabilities – including the use of any XBRL data set. Use our forum to share feedback, queries, ideas, templates and anything else that strengthens your understanding of the functionality, efficiency and usability of this protocol.

Posted Monday, September 17, 2018

CFA Institute Publishes Position Paper: Data and Technology

The CFA Institute publication Data and Technology: Transforming the Financial Information Landscape discusses the benefits of structured data to all parties in the financial reporting supply chain, including companies, auditors, regulators, and investors. This paper addresses the consumption of that structured data, including which data are available and how data are being consumed, and refutes the claim […more]

Posted Thursday, September 6, 2018

The Calcbench Insider: September 2018

In this issue:

• Leasing Costs Extravaganza
• Q&A on Financial Data Quality
• Geeking Out on the Filings
  Cost of revenue and SG&A update Q2
  Who is exposed to Turkey?

Posted Friday, August 31, 2018

Newsletter for the Business Reporting Standard

July/August 2018 Regulatory and Legislative News SEC EDGAR Upgraded to Release 18.2, Now Supports IFRS Taxonomy XBRL US News XBRL US Data Quality Committee Announces the Public Review of the 7th Ruleset XBRL US State & Local Govt Working Group Sends Letter to SEC Investor Advisory Committee AICPA Study Demonstrates that XBRL Costs Declined 45% […more]

Posted Friday, June 29, 2018

May/June Newsletter

May/June 2018 Regulatory and Legislative News SEC Adopts Inline XBRL for Operating Companies and Mutual Funds SEC Publishes Draft Strategic Plan for 2018 – 2022 SEC Requests Comment on Fund Retail Investor Experience and Disclosure SEC Requests Comment on Proposal to Require Relationship Summary for Retail Investors SEC’s Baugess Speech at Financial Information Management Conference […more]

Posted Thursday, June 28, 2018

SEC Commissioner Robert J. Jackson to Keynote XBRL Investor Forum, November 8, 2018, in New York City

SEC Commissioner Robert J. Jackson to keynote XBRL Investor Forum 2018: Powering Fintech, November 8 in New York City. The event is hosted by Baruch College’s Zicklin School of Business, with sponsorship by CFA Institute and CFA Society New York.

Posted Wednesday, June 27, 2018

U.S. Department of Commerce Seeks Input on Leveraging Data as a Strategic Asset

On June 27, the U.S. Department of Commerce published a Request for Comment seeking input on the President’s Management Agenda which established a Cross-Agency Priority (CAP) goal of Leveraging Data as a Strategic Asset. This program has an intended purpose of guiding development of a comprehensive long-term Federal Data Strategy to grow the economy, increase […more]

Posted Friday, June 8, 2018

US Public Companies Need to Stay Relevant In a Digital Age

John Turner, CEO, XBRL International

US lawmakers should reject the suggestion that smaller listed companies’ Fintech-friendly data be replaced with paper. It would be like telling smaller film makers that they can’t use Netflix anymore, but instead need to market their work on VHS tape.