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10-K Season is Here! The first few months of the calendar year are when most financial analysts prepare to start crunching data from companies filing their prior year’s statements. Through its Earnings Indicator, Calcbench is already tracking fourth-quarter results disclosed by 313 companies as of Feb. 1. So far that group has seen revenue up 1 […more]
This letter to US SEC re: EDGAR and iXBRL provides comments regarding changes to the validation and rendering of XBRL exhibits during the EDGAR submission process and the potential implementation of inline XBRL (iXBRL) for XBRL exhibits.
Mistakes in XBRL-tagged (eXtensible Business Reporting Language) financial disclosures remain a major concern for companies, the U.S. Securities and Exchange Commission and the market. To help filers tag XBRL data accurately XBRL US and several major companies have established the XBRL US Center for Data Quality. This initiative seeks to address public concerns about XBRL and improve […more]
What are the conditions for determining when a calculation relationship is required? The Commission’s rules require filers to include calculation relationships for certain contributing line item elements for financial statements and related footnotes. Read More – http://www.sec.gov/spotlight/xbrl/staff-interps.shtml#E.27
XBRL US announced the start of a 60-day public review of the Work in Process (WIP) Taxonomy, developed to evaluate how structured data can streamline surety underwriting data processing to reduce costs and increase timeliness and consistency. AIG, Travelers and Zurich Insurance join to sponsor the program, along with early entries GALLINA LLP, Liberty Mutual and the NASBP.
The Financial Accounting Standards Board (FASB) today announced the availability of the 2016 GAAP Financial Reporting Taxonomy (Taxonomy) pending final acceptance by the U.S. Securities and Exchange Commission (SEC). The FASB staff is responsible for the ongoing development and maintenance of the Taxonomy applicable to public issuers registered with the SEC. The GAAP Financial Reporting […more]
Altova just published the free Company Financials App for iOS, Android, Windows Phone, and Windows 8.1/10 that lets you explore and analyze US public company high-level financial reports automatically extracted from XBRL filings in the SEC’s EDGAR database. You can search by company name or stock ticker symbol and view the financial reports of the […more]
Altova is a member of XBRL US and has recently joined the XBRL US Center for Data Quality to support the Data Quality Committee’s initiative to address the public’s concerns about the quality and usability of XBRL financial data filed with the SEC. As such, we are pleased to announce that we have just released […more]
XBRL US and three organizations in the surety industry – GALLINA LLP, Liberty Mutual and the National Association of Surety Bond Producers (NASBP) – announced today the launch of a pilot program to evaluate how structured data can streamline surety underwriting data processing to reduce costs and increase timeliness and consistency.
Since early October, Calcbench has been incorporating non-interactive data in the form of ‘Earnings Press Releases’ into its platform. Calcbench maps the income statement and balance sheet items from the release into the financial statements for easy comparability. More on this and the full newsletter: http://eepurl.com/bH1ni1
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