donderdag 5 juni 2008
Already now the SEC offers companies the opportunity to partake in a voluntary XBRL effort, for which they provide a GAAP accountancy based Taxonomy. Companies like Ford, General Electric, IBM, Pepsi, United Technologies are already filing their reports in the XBRL format, on a voluntary base.
Most likely, from December 2008 on, large corporations of over 5$ billion total float will be obliged to file their reports in the XBRL standard.
SEC to mandate filing in XBRL
XBRL US Supports SEC's Unanimous Recommendation to Mandate XBRL
woensdag 4 juni 2008
- "XBRL is a language for the electronic communication of business and financial data which is revolutionising business reporting around the world" -
- "XBRL is an open standard which supports information modeling and the expression of semantic meaning commonly required in business reporting" -
- "The language for defining, producing, exchanging, and disseminating business reports" -
- "XBRL is a technology language for the electronic communication of business and financial data and is being implemented worldwide. XBRL-formatted documents enable greater efficiency, improved accuracy and reliability as well as cost savings to those involved in supplying and using financial and business information data" -
That should give you a good first impression. Now let's dig a bit deeper
Discover XBRL is a blog that researches XBRL (Extensible Business Reporting Language). The entries in this blog will be a discovery into the exiting new possibilities offered by XBRL. We will start with looking into the basics of XBRL, also covering the closely connected fields of HTML, XML, SQL databases etc. Later, when this foundation is build, we will continue looking into the connection between XBRL and Business Intelligence, and what this Extensible language can do for Business Reporting.
Join us in this discovery into XBRL!