Posted on Monday, June 22, 2009

WASHINGTON, June 22 /PRNewswire/ — XBRL US, the nonprofit consortium for XML business reporting, announced that it will hold its annual conference on November 17-18, 2009 at the Marriott Marquis in New York City with a focus on improving communication between public companies and investors through data and technology standards. The conference will be held in association with FEI (Financial Executives International), and will directly follow FEI’s conference, “Current Financial Reporting Issues” which runs November 16-17, 2009. Special discounts are available to FEI members. XBRL US will also hold its Annual Meeting for members on November 17. To learn more about the conference and to register, go to http://xbrl.us/events/Pages/NatCon2009.aspx.

“This conference comes at a time when hundreds of public companies have begun complying with an SEC mandate for XBRL reporting that starts this summer,” said Taylor Hawes, CFO Intellectual Property & Licensing, Microsoft Corporation, and Chair, XBRL US Conference Advisory Committee. “This program will educate company representatives as well as investors and analysts on how to create and analyze XBRL data, the convergence of accounting standards, and most importantly, what lies ahead for public companies with XBRL data.”

Highlights about the conference include:

  • Keynote presentations by Jamie S. Miller, Vice President and Controller, General Electric Corporation and Donald F. Donahue, Chairman and CEO, The Depository Trust & Clearing Corporation (DTCC)
  • Training sessions for preparers on creating XBRL-formatted financial statements, including mapping to US GAAP elements, extensions, rendering and validation. CPE credit is available
  • Sessions on data convergence, case studies on US GAAP reporting, analytical tools, internal use of structured data
  • Future development in XBRL – corporate actions, proxy statements, mortgage-backed securities

”The XBRL mandate impacts not only those directly involved in financial document preparation, but also investor relations officers, corporate secretaries, legal counsel, investors, and software and data providers,” said Liz Kirscher, president of Morningstar’s data unit and member of the XBRL US conference advisory committee. “We are pleased to be able to present thought leadership and best practices for XBRL document creation and data convergence as well as real-world training and case studies at this year’s conference.”

Who should attend? Company preparers (both public and private), investor relations officers, corporate secretaries, securities lawyers, investors, analysts, software providers, and data intermediaries.

About XBRL

XBRL (Extensible Business Reporting Language) is a royalty-free, open specification for software that uses XML data tags to describe business and financial information for public and private companies and other organizations. XBRL benefits all members of the information supply chain by utilizing a standards-based method with which users can prepare, publish in a variety of formats, exchange and analyze business and financial statements and the information they contain.

About XBRL US

XBRL US is the non-profit consortium for XML business reporting standards in the United States and is a jurisdiction of XBRL International. It represents the business information supply chain, including accounting firms, software companies, financial databases, financial printers and government agencies. Its mission is to support the implementation of XML business reporting standards through the development of taxonomies relevant for use by US public and private sectors, working with a goal of interoperability between sectors, and by promoting adoption of these taxonomies through the collaboration of all business reporting supply chain participants. XBRL US has developed taxonomies to support U.S. GAAP and common reporting practices, the Risk Return Summary in mutual fund prospectuses and the Schedule of Investments under contract with the Securities and Exchange Commission. The XBRL US GAAP Taxonomies are available for review at http://xbrl.us/taxonomies/Pages/US-GAAP2009.aspx.

Link: www.xbrl.us

CONTACT: Michelle Savage, Vice President, Communication, XBRL US, Inc., michelle.savage@xbrl.us, +1-917-747-1714



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