September 2015 Regulatory & Legislative News SEC Commissioner Stein Supports Inline XBRL FASB Publishes Proposed 2016 US GAAP Taxonomy for Public Review & Comment U.S. Treasury and OMB Finalize Federal Spending Transparency Standards XBRL US News 2nd Free Webinar for Government Agencies on “Creating Intelligent Data” Scheduled September 28, 1PM ET CalCPA Publishes XBRL US […more]
August 2015 Regulatory & Legislative News SEC Chair White Issues Letter Reiterating SEC Plans to Recommend Inline XBRL for Public Company Filing SEC Announces Plan to Consider Executive Compensation Clawback Rule XBRL US News Comment Letter Submitted Advocating XBRL Versus XML in Response to SEC Proposal on Investment Company Reporting Modernization. XBRL US Center for […more]
June 2015 Regulatory & Legislative News SEC Proposes Investment Company Reporting Modernization Congressman Darrell Issa Proposes Legislation “Financial Transparency Act of 2015”, Requiring Structured Data for Financial Regulatory Reporting U.S. House of Representatives Goes to Markup on H.R. 1965, Recently Introduced Bill to Rollback XBRL Requirements on Small Companies SEC Proposes Rule Requiring XBRL Reporting […more]
Notice to Readers This eXtensible Business Reporting Language (XBRL) US GAAP Taxonomy Preparers Guide provides preparers of financial statements with a foundation for working with XBRL. This document is designed to explain XBRL terminology and concepts to an extent that will allow preparers to understand how to format financial statements in XBRL. It also provides reviewers of financial statements prepared in XBRL by third parties with knowledge needed to make informed decisions. For preparers, it provides a methodology for approaching XBRL for financial reporting, rules to follow, and rules of thumb for getting the most out of XBRL technology. This guide is not designed to be a step-by-step blueprint for creating XBRL-embedded documents, and it does not contain company- or industry-specific information nor advice regarding XBRL. In addition, this guide does not and cannot, by its very nature, cover everything related to XBRL. Instead, this guide provides a framework of XBRL essentials and information that enables preparers to proceed in an XBRL financial reporting environment. XBRL is a web-based technology, but this guide is not itself technical and does not require any particular IT skills or knowledge. This guide also does not address any specific software product issues, and it makes no vendor- or product-specific recommendations. The guide discusses the various types of software available for performing different XBRL-related functions, but it is not a manual and is not a recommendation for any of them. For additional information on the use of XBRL software, please consult the manuals and documentation that accompany the software.
XBRL and SQL A Teaching Case for Collecting Granular Firm Level Data
The national consortium for
the business reporting standard
