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Coming Soon: Multi-Choice, Multi-Dimensional, Multi-Lingual Pick Lists!

May 4, 2018

The XBRL Standards Board has approved as a Candidate Recommendation the Extensible Enumerations 2.0 specification.  This modular extension to the XBRL standard builds upon the functionality added by earlier versions of the Extensible Enumerations standard, and provides taxonomy authors with the ability to create concepts and dimensions that take either a single value or multiple values from a predefined […]

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FASB Seeks Feedback

May 4, 2018

In a recent update by the Financial Accounting Standards Board (FASB) to their Implementation Guide Series for the U.S GAAP Taxonomy, FASB staff have now issued a new proposed taxonomy guide for revenue from contracts with customers. The implementation guide provides examples to help users of the taxonomy understand how modeling, revenues and costs are […]

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English XBRL in NBA Generator Update

May 4, 2018

The Dutch professional association of accountants – the Koninklijke Nederlandse Beroepsorganisatie van Accountants, or NBA for short – has updated its declaration generator. Starting last week, the XBRL instance for the Dutch format will also be available in English. This update has been exclusively intended for digitally deposited annual accounts of medium-sized companies within the […]

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SEC Reporting Taxonomy – SEC & FASB Discussion

May 4, 2018

Did you miss the recent webinar on the new SEC Reporting Taxonomy? Not to worry! You can watch the recorded version of it here https://xbrl.us/events/20180501/. The webinar was hosted by both the SEC and FASB and addressed how issuers could take advantage of the guidance provided. The speakers were: • Louis Matherne, Chief of Taxonomy […]

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ECB to Rollout Tailored Ethical Hacking

May 4, 2018

One of the best ways to understand your own weaknesses and minimise your vulnerability to external threats is to stress-test yourself. This is exactly the ethos that the European Central Bank has taken in an attempt to build resilience in its financial markets. Under a programme burdened with the name “Threat Intelligence-Based Ethical Red Teaming […]

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Data for All – Increasing the availability of Data in the EU

May 4, 2018

The European Commission is ramping up its efforts to create measures for increasing the availability of data in the EU, building on previous initiatives to boost the free flow of non-personal data in the Digital Single Market. The Commission’s VP, Andrus Ansip highlighted their perspective noting “without data, we will not make the most of […]

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CFA Highlight their Vision of the Future

May 4, 2018

The CFA Institute’s 71st annual conference is set to take place this month and ahead of the event they have set the stage for a debate about the future of financial services. Financiers are likely tired of hearing about how their future consists of competing with AI for jobs, yet at a far more nuanced […]

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It’s called ‘Fundamental Data’ for a reason

April 27, 2018

Better ratings and better bankruptcy predictions are possible with ratio analysis of the financial statements prepared by local government. That requires high quality digital disclosures.

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XBRL Development in Russia

April 27, 2018

The Central Bank of Russia continues to move forward with the rapid digitisation of its financial sector, not least with XBRL based reporting.  Beginning in June, investment funds and non-state pension funds will now be required to start submitting their financial statements in XBRL. Earlier this year insurance companies and broker/dealers moved over to XBRL […]

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SEC Updated FAQ’s on Taxonomies

April 27, 2018

Following recent changed to the IFRS Taxonomy and SEC Reporting Taxonomy, you can now find here the corresponding set of updated FAQs.

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