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URL: http://xbrlblog.com
Updated: 14 weeks 14 hours ago
Survey Says Most Companies Start XBRL Prep Early
Critics weren't so sure it would add much value, but the SEC ended up adopting an XBRL reporting requirement late in 2008. As a result, public companies of all sizes have begun or plan to report their financial data to the regulator using XBRL. The largest companies began filing XBRL-tagged data for fiscal periods ending on or after June 15, 2009, and the remaining companies are being "phased in" over the next year and a half, according to the SEC.
[This is a content summary only. Visit XBRL Blog Magazine for more.]
[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Embedding Intelligence Into Your XBRL Tagging Methodology
The SEC is allowing companies to ease into compliance, laying out a two-phase mandate. During the first year, only the face of the financials must be tagged with XBRL, necessitating anywhere from 300 to 500 discrete XBRL tags. But in year two, that number increases almost exponentially, requiring anywhere from 2,000 to 4,000 discrete tags, depending upon your unique business environment.
[This is a content summary only. Visit XBRL Blog Magazine for more.]
[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
Top 10 Tips for XBRL Compliance in 2010
The first round of XBRL-based financial filings has already begun. The largest public companies filed their first financial statements in June of 2009. Many more will follow this June, and by June of 2011 all public companies will be required to tag their financial reports with XBRL meta-data prior to filing with the SEC.
[This is a content summary only. Visit XBRL Blog Magazine for more.]
[This is a content summary only. Visit XBRL Blog Magazine for more.]
Categories: XBRL News
