XBRL News
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XBRL NewsThis is a listing of XBRL news from around the world. If you have news that you would like to share, please send it to us. |
Major product announcements at opening of XBRL Intl Conference
Major product announcements at opening of XBRL Intl Conference
December 5, 2006
A set of major XBRL product announcements marked the opening of the 14th XBRL International Conference in Philadelphia on 4 December. New products released at the conference included new taxonomy building software, solutions for XBRL conversion, rendering and publishing, XBRL add-ins for Microsoft Excel, software to enable specialised reports based on XBRL data and improved analysis capabilities for the EDGAR Online XBRL database of more than 11,000 companies.
Case Studies show benefits of XBRL in major projects
Case Studies show benefits of XBRL in major projects
December 5, 2006
XBRL International has released a range of case studies which show how important organisations are making use of XBRL. The studies underline the major benefits which flow from use of the standard. The studies cover XBRL projects at the central banks of Belgium, Japan and Spain, and at the Tokyo Stock of Exchange as well as the introduction of XBRL for US banking regulation by the FFIEC. They explain the background to each XBRL project, the reasons for adopting XBRL, the main steps involved, key results, lessons learned and next steps. They should be of interest to all those concerned with the practical use of XBRL.
XBRL enhances performance management systems, report says
XBRL enhances performance management systems, report says
December 4, 2006
XBRL enhances Performance Management applications and offers immediate external benchmarking business benefits, according to a report released at the 14th International XBRL Conference in Philadelphia. The report debunks common myths on XBRL or Interactive Data, according to Cartesis, a leading specialist in finance and performance management software, who released the report in conjunction with Perception Partners.
New repository set up for XBRL project information
New repository set up for XBRL project information
November 29, 2006
XBRL Spain and the University of Bucaramanga (Colombia) have set up a repository for information on XBRL projects around the world. Project managers are called on to contribute data on developments. The repository will be a valuable source of information for those who are tracking XBRL progress, considering setting up projects or involved in implementations. It uses the latest ‘wiki’ technology, enabling easy and flexible updating of information by project managers themselves, as well as efficient display and searching. The repository is available through www.wikixbrl.org.
XBRL issues Call for Review of GL Taxonomy
XBRL issues Call for Review of GL Taxonomy
November 28, 2006
The XBRL International Standards Board has approved publication of the XBRL GL 2006 Taxonomy as a Proposed Recommendation and issued a Call for Review of the taxonomy. This is the final stage prior to the taxonomy becoming a full XBRL Recommendation. A Proposed Recommendation is a mature Technical Work Product that has gone through a thorough review for technical soundness and capability of implementation. The review period will last for 45 days and if no substantive issues are raised, the taxonomy will be proposed as a Recommendation. The GL Taxonomy is intended to enable the efficient handling of financial and business information contained within an organisation. It allows the representation of data found in charts of accounts, journal entries or historical transactions and enables it to be gathered and used efficiently across disparate accounting systems. All who have comments or wish to endorse the taxonomy should mail xbrlgl@xbrl.org before 15 January 2007.
XBRL International Call for Interest - Functions Working Group
XBRL International Call for Interest - Functions Working Group
November 22, 2006
XBRL International is calling on all those who are interested in participating in an XBRL International Working Group devoted to the topic of an XBRL Functions library to make their interest known by e-mail to WGAdmin@xbrl.org. In particular, suitable volunteers to Chair the Working Group are being sought. The XBRL International Standards Board (XSB) has determined that a Functions WG should be formed to deliver a standard library of XBRL-aware function interfaces and a registry that allows additional functions to be defined from time-to-time to encourage further standard development of the library. The primary audience for the output of this Working Group would be other Working Groups that are developing specifications which can benefit from the use of such functions, software vendors and in-house developers that produce XBRL 2.1 functions processors and taxonomy authors that want to express functions, either inside XBRL formulae, or elsewhere. Once sufficient interest has been declared in the Functions Working Group, a formal “Call for Participation” will be issued.
XBRL Assurance WG paper at World Congress of Accountants
XBRL Assurance WG paper at World Congress of Accountants
November 15, 2006
The XBRL Assurance Working Group presented the paper “Interactive Data: the Impact on Assurance, New Challenges for the Audit Profession" at the World Congress of Accountants (WCOA) held in Istanbul, Turkey. The paper, presented in a workshop on “Assurance for Digital Reporting”, resulted from research by the AWG into the assurance implications of Interactive Data or XBRL. As use of XBRL grows, reliance on the XBRL data will increase, leading to a need for assurance on that data by independent auditors or public accountants. At present, there are no internationally acknowledged standards to support the provision of such assurance.
XBRL International Call for Interest – Dimensions Working Group
XBRL International Call for Interest – Dimensions Working Group
November 14, 2006
XBRL International (XII) is calling on all those interested in participating in an XII Working Group devoted to Dimensional Taxonomies to make themselves known by e-mailing WGAdmin@xbrl.org ">WGAdmin@xbrl.org indicating your interest. Topics are expected to include guidance on the implementation of the Dimensions Specification; interoperability with other XBRL Specification initiatives; documenting “best practices” in the creation of taxonomies according to this Specification.
New version of German GAAP taxonomy released
New version of German GAAP taxonomy released
November 14, 2006
XBRL Germany has released version 2.0 of its XBRL taxonomy covering German national GAAP for public review. The taxonomy, which complies with the latest 2.1 version of the XBRL Specification, is an update of the first version issued in 2002. Enhancements include changes to reflect the evolution of XBRL rules and best practices, the introduction of basic modularisation, the addition of a new section to cover information for tax filing and a range of alterations and additions to reflect changes in the legal and business environment.
Calls for Participation in Formula and Base Spec Working Groups
Calls for Participation in Formula and Base Spec Working Groups
October 31, 2006
XBRL International (XII) is calling on all those interested in participating in the XII Formula Working Group and / or the Base Specification and Maintenance Working Group to declare their interest and intent to involve themselves in the work of these groups. If either the proposed Formula Specification or the base XBRL Specification is important to your organisation, then your organisation is urged to contribute to these groups. The Formula WG is continuing work on the development of a Formula Specification which was being performed within the old Specification WG. Instructions on joining the group, together with its draft charter and other information are available at http://www.xbrl.org/FormulaWGCall/.
The Base Specification and Maintenance WG is charged with providing and documenting authoritative interpretations of the XBRL 2.1 specification and with resolving minor issues by way of errata corrections and extensions to the XBRL 2.1 conformance suite. Instructions on joining the group, together with its draft charter and other information are available at http://www.xbrl.org/BaseSpecWGCall/.
