The latest on Using XBRL Data

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Posted Tuesday, February 7, 2017

Calcbench Newsletter (February 2017)

In this issue: U.S vs International Sales at Large Filers. Early look at large banks’ 2016 revenue streams. Revenue and PPE trends in retail. Sizing the FCPA pipeline. FASB proposes tweaks to debt classification. Look, a non-GAAP enforcement action!


Posted Tuesday, January 31, 2017

Newsletter for the Business Reporting Standard

January 2017   Regulatory & Legislative News ESMA Announces Inline XBRL Requirement Securities and Exchange Commission Publishes Updated EDGAR Filer Manual Securities and Exchange Commission Updates Inline XBRL Viewer XBRL US News 3rd Set of Approved Data Quality Committee Rules Published Covering Over 3,300 US GAAP Concepts XBRL US and Consensys Form Working Group to […more]


Posted Thursday, January 19, 2017

Approved Guidance & Validation Rules

Version 3 of the freely-available rules and guidance developed by an industry collaborative and effective January 1, 2017 helps public companies detect inconsistencies or errors in their XBRL-formatted financial data.

Several tools are certified for implementation of the approved rules.


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Posted Tuesday, January 10, 2017

Calcbench Newsletter (January 2017)

In this issue: Walmart anti-corruption costs. Walmart has been mired in a long-running investigation of possible bribery to secure permits in Mexico, India, and elsewhere. Just how much money has this cost the world’s largest company since the investigation began in 2011? At least $820 million—a number you can find quickly and easily in the […more]


Posted Thursday, December 8, 2016

How to cut $billions out of government spending

The Australian government and business saves $1.1 billion every year thanks to a program introduced seven years ago that brought financial data standards into the business to government reporting process. Translated to the American economy, which has a GDP 10 times the size of Australia, the adoption of the right format, information and identifiers – a financial data standard – has the potential to create $11 billion in savings across the US economy.


News Item

Posted Thursday, December 8, 2016

Calcbench Newsletter (December 2016)

In this issue: Predictive analysis and going concern warnings. A new standard goes into effect this month to impose more discipline around how companies assess their ability to continue as a going concern. Calcbench did an experiment to see how quickly we could identify filers with multiple poor financial metrics—which, in turn, could help analysts […more]


Posted Tuesday, November 29, 2016

November 2016 Newsletter

November 2016   Regulatory & Legislative News SEC Chair Mary Jo White Announces Plans to Resign SEC Commissioner Stein Presents Vision for Data at the SEC SEC Publishes Draft EDGAR Filer Manual SEC Updates Inline XBRL Viewer XBRL US News Corporate Actions Message in Inline XBRL Created by XBRL US Standards in Solar Financial Reporting: […more]


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Posted Thursday, November 10, 2016

Calcbench Newsletter (November 2016)

In this issue: Time between filing the earnings release and the 10-Q. Ever wonder how much time companies take between filing their earnings release and then following up with the Form 10-Q to report those earnings? We did, so we did some digging. While the average time gap in second-quarter 2016 was four days, when […more]


Posted Friday, September 30, 2016

September 2016 Newsletter

September 2016   Regulatory & Legislative News FASB, SEC, XBRL US & XII Host Webinars on Proposed Structural Taxonomy Changes House Financial Services Committee Passes Financial CHOICE Act XBRL US News XBRL US Submits Comment in Response to SEC Proposal on Disclosure Update and Simplification XBRL US SEC Filer Workshop Scheduled November 2 in New […more]


Posted Friday, September 30, 2016

XBRL US Submits Comment in Response to SEC Proposal: Disclosure Update and Simplification

On September 30, XBRL US submitted a comment letter responding to the SEC proposal on Disclosure Update and Simplification. Key recommendations made in the letter include: Ensure that all facts that companies are required to report to investors be provided in a computer-readable format to facilitate greater ease of analysis, Require the use of standardized […more]


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