Knowledge Centre
Items in the knowledge centre are sorted according to the last date they were updated, so that you are getting the most recently updated information first. If you would like to search for a specific topic, please use the keyword search and filters below. Registered users are welcomed to submit a resource but you must be logged in.
CPA Success [Blog]
CPAs are on the cutting edge of business strategy, professional services and staffing issues. CPA Success, a blog run by the Maryland Association of CPAs, tells those stories. Find out what makes CPAs leaders in the business world.
DataLine 2009-55: XBRL: Looking Ahead to 2010 Compliance and Back at 2009 Lessons Learned
Summary:
The largest public companies that began submitting XBRL-formatted financial information in 2009 will be subject to more detailed requirements for their second year of submissions in 2010, including detailed tagging of the financial statement footnotes. The next phase-in group of public companies that report under U.S. GAAP (i.e., the remaining large accelerated filers that were not subject to the 2009 first year phase-in requirements) will be required to make their first submissions of XBRL-formatted financial information in 2010.
Resource Citations(s):
Digital Financial Reporting - Using an XBRL-based Model
A resource for accountants, internal auditors, external auditors, financial
analysts, regulators, and other business professionals when creating,
reviewing, auditing, using, or analysing XBRL-based digital financial reports
Resource Document:
Digital Financial Reporting, Charlie Hoffman [Blog]
This is a blog for information relating to digital financial reporting authored by Charlie Hoffman. Current topics as they get attention by the author are covered. This blog is a part of the home page "Digital Financial Reporting."
Digital Reporting Strategies [blog]
Digital Reporting Strategies Limited is a consulting practice set up by John Turner. Turner works around the world helping clients design, improve and implement strategies and systems that create better performance information. He has worked with software firms, banks, regulators, government agencies and accounting firms as well as with corporates directly.
Disclosures: Quantitative, Qualitative, Objective, Subjective, Useful [blog post]
Disclosures: Quantitative, Qualitative, Objective, Subjective, Useful
Reporting entities have flexibility to present disclosures differently as long as all the required disclosures are met.
Accountants creating financial reports use both quantitative measures and qualitative measures to provide such disclosures.
http://www.xbrl.org/sites/xbrl.org/files/imce/Disclosures%20Primer%20%5BHofman%20Blog%20Post%5D.htm
Does XBRL Adoption Reduce the Cost of Equity Capital?
XBRL filing reduces investors’ information processing cost. We find that XBRL adoption
results in a significant reduction in firms’ cost of equity capital and that this effect is
stronger in firms with small size, high growth, low analyst coverage and illiquid stocks. We
also show that firms experience an increase in analyst coverage, forecast accuracy and a
decrease in forecast dispersion after XBRL adoption. Further, XBRL adoption improves
firms’ stock liquidity. Finally, the effect of XBRL adoption on the cost of equity capital,
analyst behavior and stock liquidity is weaker for voluntary filers than for mandatory
filers. In sum, we provide strong evidence supporting the argument that information
processing cost significantly affects the cost of equity capital.
Resource Document:
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