Media

Tuesday, June 4, 2019

U.S. Federal Data Strategy Plan Out for Public Review & Comment

The U.S. Government published the Federal Data Strategy Plan along with a request for public comment. The Year 1 plan focuses on four areas including Enterprise Data Governance, Access Use and Augmentation, Decision Making and Accountability, and Commercialization, Innovation and Public Use. The plan covers three types of activities: Shared actions are led by a single […more]

Thursday, May 23, 2019

California State Senate Unanimously Passes Open Financial Statements Act (SB 598)

The California State Senate unanimously passed Senate Bill 598, the Open Financial Statements Act. The bill would establish a 9-member commission called the Open Financial Statement Commission in the Treasurer’s office. The commission would be tasked with contracting with vendors to build taxonomies suitable for public agency financial filings and create a software tool that enables […more]

Wednesday, May 22, 2019

Preliminary Information for Tagging Cover Page Data Using Inline XBRL

To help US GAAP filers prepare for tagging the cover information, Novaworks Software has drafted a guide sheet with information that illustrates the XBRL elements and their corresponding data points. This guide sheet is applicable to all filers, with information for the cover pages for Form 10-K, Form 10-Q, Form 8-K, Form 20-F, and Form […more]

Sunday, May 19, 2019

Calcbench data cited in WSJ article

In this issue:

• Lease Accounting… There’s More
• Capex spending, both up and down.
• Restructuring costs on the rise.
• Restructuring costs up close.
• When Amazon takes over the world.

Wednesday, May 15, 2019

Navigating New Developments in Financial Reporting

The pace of regulatory developments in financial reporting has accelerated significantly. Standard setters and regulators have transformed both accounting standards and the format of financial reporting, resulting in vast changes to not only how accounting is recorded, but also how financial results are reported. Proper handling of these accounting and reporting changes is a key […more]

Friday, May 10, 2019

SEC EDGAR Filer Manual (EFM) Draft Release Posted

The SEC published the draft EDGAR Filer Manual which includes the following XBRL-related topics: Filers will be able to include cover tags within any Inline XBRL document set for submission forms that permit Inline XBRL. EDGAR will warn filers if any required cover tags are missing, nil, or empty in 10-K, 10-K/A, 10-KT, 10-KT/A, 10-Q, […more]

Thursday, May 2, 2019

The Calcbench Insider: May 2019

In this issue:

• Lease Accounting… There’s More
• Capex spending, both up and down.
• Restructuring costs on the rise.
• Restructuring costs up close.
• When Amazon takes over the world.

Wednesday, May 1, 2019

XBRL US Data Quality Committee Launches Public Review for 9th Ruleset

SEC filers, investors, XBRL providers encouraged to review and comment The XBRL US Data Quality Committee (DQC) has published its 9th Ruleset for a 45-day public review and comment period, which closes on June 15, 2019. In addition to expanding on many existing rules, the latest ruleset contains a new category of checks that evaluates […more]

Tuesday, April 30, 2019

AGA Article: Building Momentum, Preparing for XBRL in Government

Members of the XBRL US State & Local Government Disclosure Modernization Working Group authored the article “Building Momentum, Preparing for XBRL in Government” which appeared in the Spring 2019 edition of the Association of Government Accountants (AGA) Journal of Government Financial Management. From the article: XBRL, or eXtensible Business Reporting Language, provides advanced search capabilities with […more]

Tuesday, April 23, 2019

California Senate Bill 598 Passes 2nd State Committee (Senate Government Organization Committee)

SB 598, a bill introduced in California by Senator John Moorlach, was passed unanimously through the Senate Government Organization Committee. This is the second state Senate committee that has unanimously passed this bill which will go to a final vote before September 13. The bill calls for the creation of the Open Financial Statement Commission, consisting […more]