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The Securities and Exchange Commission announced it will allow companies to voluntarily file structured financial statement data in the Inline XBRL data format, a technology that is freely licensed and made available by XBRL International. This initiative represents another step in the SEC’s continuing efforts to modernize and enhance its requirements to facilitate transparency of, and […more]
Historical data is always useful to good financial analysis, so Calcbench has decided to serve up a bunch more of it to our customers. When researching a company (through the Company in Detail page), you can now use our Show All History feature to see all line items the company has disclosed—including line items a […more]
Workiva, creator of the Wdesk cloud-based productivity platform for enterprises, today announced that Gartner, Inc. has positioned Workiva as a Leader in its May 31, 2016 Magic Quadrant* for Financial Corporate Performance Management Solutions (FCPM). Gartner’s FCPM market includes solutions in financial consolidation, financial reporting, management reporting, costing and forecasting, reconciliations/close management, intercompany transactions and […more]
The XBRL US Data Quality Committee reports that by using its first set of validation rules, filers reduced the number of errors in their filings for the data covered by those rules by 64%, Q1 2016 versus Q1 2015.
Lou Rohman, vice president of XBRL services at Merrill Corporation, a member of XBRL US’s Data Quality Committee, recommends that financial statement preparers take a closer look at the guidance being issued by his committee. Documents on the committee’s website provide guidance and validation rules that should be used for the filings. “The SEC gets […more]
Under the Securities Act of 1933, the offer and sale of securities must be registered unless an exemption from registration is available. Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012 added Securities Act Section 4(a)(6) that provides an exemption from registration for certain crowdfunding transactions. In 2015, the Commission adopted Regulation […more]
The Altova Work in Process (WIP) XBRL add-in for Excel makes it easy for contractors to submit WIP reports to sureties in a valid XBRL format – simply by entering the information into a spreadsheet in Excel. Learn more.
SEC Chair Mary Jo White spoke on the importance of capital raising programs for small businesses including two recent rulings that came out of the JOBS Act, Regulation A+ and Crowdfunding. In her talk, Chair White emphasized the importance of balancing the streamlining of capital formation for smaller issuers while still maintaining strong investor protection […more]
In a speech at the 48th Annual Rocky Mountain Securities Conference in Denver, CO, SEC Commissioner Kara Stein called for the creation of a digital disclosure task force made up of investors, analysts, academics, companies, and technology experts. “We need to be thoughtful in our vision, and analytical in our implementation. Let’s make sure that […more]
Spending on share-based compensation to employees is always an interesting item for financial analysts, so we recently did a study of how much the S&P 500 have been spending on line item over the last four years. Among the companies that do spend money on equity compensation (23 percent of the S&P 500 do not), […more]
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