Sep 27, 2010 | XBRL
A very interesting survey that I found today was the SEC survey related to XBRL. What intrigued me was the cost structure of the XBRL filing. The survey states that the first time filers with block text footnotes and schedules on an average require 125 hours, assuming...Feb 16, 2009 | XBRL
On February 10, 2009, SEC issued the final rule mandating that the 500 largest public companies start to file their financial results using XBRL. The effective date of the new rule is April 13, 2009, which means that most of the largest public issuers are required to...Jan 31, 2007 | XBRL
XBRL Taxonomies,are the dictionaries which the language uses. Each item of data are identified by a specific tag, taxonomies are the categorization schemes that define these tags. Based on the accounting regulations these taxonomies might change. So different...Jan 28, 2007 | XBRL
Under XBRL every financial data has its identifying tag, which is computer readable. SO instead of having data as text, it is stored as a tag. Computer can read it, store it, analyze it, and present it in different forms. It will make not just intra company analysis...Jan 28, 2007 | XBRL
An international non-profit consortium of approximately 450 major companies, organizations, and government agencies is working on XBRL. It is an open standard, free of license fees.Jan 28, 2007 | XBRL
eXtensible Business Reporting Language, is a language to communicate the financial data of an organization. It is a process of creating a standard platform/format for reporting. XBRL is a member of the family of languages based on XML, or Extensible Markup Language,...