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Latest News

Tuesday, March 7, 2017

Calcbench Newsletter (March 2017)

In this issue: An early look at 2016 annual reports Operating margins at large filers, 2013-2016 Share repurchase programs, through Q3 2016

Thursday, March 2, 2017

XBRL US Commends SEC Vote to Propose Requiring Inline XBRL for Public Companies

New rule would improve efficiency of SEC filing XBRL US today applauded the unanimous vote by the Securities and Exchange Commission (SEC) to publish a rule proposal requiring public companies to submit their periodic financial statements and footnotes using Inline XBRL. The Inline XBRL submission would replace the current practice of dual XBRL and HTML […more]

Tuesday, February 7, 2017

Calcbench Newsletter (February 2017)

In this issue: U.S vs International Sales at Large Filers. Early look at large banks’ 2016 revenue streams. Revenue and PPE trends in retail. Sizing the FCPA pipeline. FASB proposes tweaks to debt classification. Look, a non-GAAP enforcement action!

Thursday, January 26, 2017

Data Quality Committee Announces 3rd Set of Approved Rules Covering Over 3,300 US GAAP Concepts

The freely-available rules and guidance developed by an industry coallaborative help public companies detect inconsistencies or errors in their XBRL-formatted financial data. Several tools are certified for implementation of the approved rules.

Tuesday, January 10, 2017

Calcbench Newsletter (January 2017)

In this issue: Walmart anti-corruption costs. Walmart has been mired in a long-running investigation of possible bribery to secure permits in Mexico, India, and elsewhere. Just how much money has this cost the world’s largest company since the investigation began in 2011? At least $820 million—a number you can find quickly and easily in the […more]

News Item

Friday, December 23, 2016

Data Quality Committee Comments on Proposed 2017 Financial Reporting Taxonomy

The XBRL US Data Quality Committee responded to FASB’s request for comment, which resulted in significant changes to the Final 2017 taxonomy released for SEC review and approval as compared to the draft.

Wednesday, December 14, 2016

XBRL US & ConsenSys Form A Working Group To Develop Blockchain Tokenization Standards

XBRL US and ConsenSys, a blockchain technology company, announced the formation of a working group to develop standards for tokenization of assets on the blockchain. A token is a digital representation of an asset, e.g., debt, equity, cash or a physical asset (i.e. a vehicle or a piece of artwork).

Thursday, December 8, 2016

Calcbench Newsletter (December 2016)

In this issue: Predictive analysis and going concern warnings. A new standard goes into effect this month to impose more discipline around how companies assess their ability to continue as a going concern. Calcbench did an experiment to see how quickly we could identify filers with multiple poor financial metrics—which, in turn, could help analysts […more]

Thursday, November 10, 2016

Calcbench Newsletter (November 2016)

In this issue: Time between filing the earnings release and the 10-Q. Ever wonder how much time companies take between filing their earnings release and then following up with the Form 10-Q to report those earnings? We did, so we did some digging. While the average time gap in second-quarter 2016 was four days, when […more]

Friday, October 28, 2016

A Vision for Data at the SEC – Commissioner Kara Stein

Remarks made at the Big Data Conference on “A Vision for Data at the SEC” reiterating her suggestion that the SEC create a Digital Disclosure Task Force to develop a strategy for how the SEC acquires and provides data to investors and market participants. She also suggests that the SEC should create a new “Office […more]