News

Data Quality Committee Responds to FASB Invitation to Comment

The XBRL US Data Quality Committee responded to FASB’s Invitation to Comment on Efficiency and Effectiveness of GAAP Financial Reporting Taxonomy.

Calcbench Newsletter (June 2017)

In this issue:

• Employee severance costs, 2014-2017
• Gleaning intelligence on Hulu’s finances
• SEC speaks on new revenue standard

XBRL US Paper: Reduce Company Burden, Cut Govt Spending

XBRL US position paper published “Reduce Company Burden, Cut Government Spending – Standardize Financial Data Reporting Requirements” which recommends adopting the freely available, open XBRL data standard for all financial data reporting required by U.S. regulators. Only the XBRL standard has 1) the appropriate format to render data computer-readable; 2) the appropriate information component to […more]

XBRL Comment Supports SEC Proposal for Inline XBRL by Operating Companies & Mutual Funds

XBRL US submits comment letter supporting the SEC proposal on transitioning operating companies and mutual funds to Inline XBRL and provides feedback on challenges that should be considered when setting timing for the start date of the proposal.

Altova Launches MobileTogether 3.2 with New Features for NFC, Text-to-speech, and More

Altova announced the release of MobileTogether 3.2, its cross-platform mobile development framework. This release introduces over 18 important new features for building sophisticated, data-centric mobile apps. Highlights include support for NFC (near field communication), the ability to access mobile device contacts, text-to-speech functionality, numerous enhancements for table and chart creation, and much more. “With each […more]

Calcbench Newsletter (May 2017)

In this issue:

• Goodwill impairment turns around
• Leasing costs in the Internet sector
• Patterns in deferred revenue, 2011-2016

Financial Data Standards Successful at Automating Data Collection in Surety Underwriting

Standards have been used to successfully automate the collection of data for surety underwriting which historically has been a highly manual process. XBRL was used to enable the consistent and accurate consumption of financial data from contractors into a surety’s financial database, helping to streamline contractor access to credit and increase underwriting efficiency.

XBRL US Opposes XBRL Exemption in Financial CHOICE Act (Letter to HFSC)

XBRL US strongly opposes Section 411 of Subsection C of Title IV in the Financial CHOICE Act, a provision to exempt small companies from XBRL filing and which will have significant negative repercussions on both Wall Street and Main Street. Read the XBRL US argument on Section 411 in a letter to the House Financial Services Committee.

Calcbench Newsletter (April 2017)

In this issue:

• Reading the tea leaves of net income in Q4
• R&D Spending on the Rise, 2013-2016
• Long look at banking sector interest income

Altova Tools Receive Upgrades and Innovative Features in Latest Release

Altova announced the release of Version 2017 Release 3 of its MissionKit desktop developer tools and server software products. This release includes new revolutionary back-mapping of XSLT and XQuery output in XMLSpy, a powerful new ‘join’ component for data mapping in MapForce, and the ability to convert a StyleVision design to a MobileTogether mobile app […more]