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18th XBRL International Conference to Examine How Structured Data can provide Greater Accuracy and Accountability in Securities Markets and Government Reporting

WASHINGTON, DC – XBRL International and XBRL US will host a conference in Washington, DC, October 15-16, 2008 that will outline how structured data can improve the decision-making process for investors, governments and others. The 18th XBRL International Conference, Better Reporting for Better Decisions: by Managers, Investors, Governments and Citizens, which will be held at […more]

Pension fund reporting – a process ripe for standardization

Every once in awhile a data collection process comes along that is ripe for standardization – the Department of Labor’s (DOL) Form 5500 Annual Report for pension fund data is one such system. The DOL’s Employee Benefits Securities Administration (EBSA) published proposal to modernize the data collection process of the annual report and corresponding schedules, with an eye towards giving data users the ability to perform better analysis of individual plans, multi-plan comparisons and trends; aid the agencies efforts at enforcement and at monitoring compliance issues; assist auditors; and provide new research opportunities.

Dividend Event Disclosures

The rule identifies those cases where the filer has used the DividendsAxis inappropriately in the filing. The rule has eight components that check that the filer complies with the DQC Dividend guidance.

Dividend Disclosures in the Statement of Changes in Shareholders Equity

The rule identifies where the filer has used inappropriate combinations of dividend elements in the Statement of Shareholders Equity. The rule is comprised of nine components that help filers to select the correct elements and to tag the values with the appropriate sign.

XULE Overview

Awarded to individuals who have viewed the free online overview of XULE – an open-source XBRL processing syntax for manipulating and evaluating XBRL content, including facts, reports, and taxonomies, so that the data can be validated, displayed and standardized consistently.

Incorrect Transition Elements Used

This rule is intended to identify those cases where the company reports line items that have been transitioned because of changes in accounting standards. The rule identifies those elements that should no longer be used by the filer.

Components of Equity on the Balance Sheet

This rule is intended to identify those cases where the company reports the components of equity or partners capital on the balance sheet. If one of these two dimensions are included as part of the balance sheet then the rule will return an error identifying the number of facts using the axis reported in the balance sheet.

Incorrect Transition Elements Used

This rule is intended to identify those cases where the company reports line items that have been transitioned because of changes in accounting standards. The rule identifies those elements that should no longer be used by the filer.

Components of Equity on the Balance Sheet

This rule is intended to identify those cases where the company reports the components of equity or partners capital on the balance sheet. If one of these two dimensions are included as part of the balance sheet then the rule will return an error identifying the number of facts using the axis reported in the balance sheet.

We can do better at supporting small business.

Campbell Pryde, President and CEO, XBRL US

The SBA’s Paycheck Protection Program distributed $500 billion to nearly 4.9 million businesses. This funding was critical to helping small business. But it could have been more effective if loan and grants data was collected in structured, machine-readable format.