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  • Title: Simplifying Comparability With Word Counts in 10-K's?^ Link: https://www.linkedin.com/pulse/word-counts-10-ks-we-can-get-even-finer-pranav-ghai^ Date: 14 Jun 2017^ Details: Calcbench has been able to use XBRL data such that, in a few minutes, you can get the disclosures of one or many company(ies) and quickly compare them. For example, you can see the word counts by disclosure for a single company in 2015 and compare the same disclosure for 2016 and easily note that the stock compensation disclosure is smaller.^
  • Title: U.S. Tax & FASB's New Revenue Recognition Paradigm^ Link: http://www.journalofaccountancy.com/issues/2017/jun/revenue-recognition-tax-implications.html^ Date: 01 Jun 2017^ Details: All companies with tax compliance responsibilities should be considering potential issues relevant to tax planning and reporting. The current effective date for FASB Accounting Standards Codification Topic 606 for public entities is for annual and interim periods beginning after Dec 15, 2017.^
  • Title: Financial Reporting/Analysis Easier/Faster with XBRL^ Link: https://blogs.cfainstitute.org/marketintegrity/2017/05/26/financial-reporting-and-analysis-today-using-xbrl-to-make-the-process-faster-and-easier/^ Date: 26 May 2017^ Details: XBRL has the potential to increase the volume, speed, and access to information available to users and regulators. XBRL is currently being widely used to enhance financial analysis and decision making. Further improvements and expansion of structured filings would make this data even more valuable.^
  • Title: How Little Companies Got Big ... with XBRL^ Link: https://www.xbrl.us/research/how-little-companies-got-big/^ Date: 24 May 2017^ Details: Small companies need access to inexpensive, timely, comprehensive financial information to complete competitive, in-depth analysis. Now, with structured data is available, they can compete, since analysis that may have taken a month to complete can now be done in just hours.^
  • Title: IFRS 17: Insurance Contracts Introduced^ Link: http://www.ifrs.org/Features/Pages/IFRS-17-insurance-contracts.aspx^ Date: 18 May 2017^ Details: IFRS 17 includes the first truly international and comprehensive IFRS Standard for insurance contracts. Starting in 2021, it will require all insurance contracts to be accounted for in a consistent manner.^
  • Title: IFRS for Developing Economies^ Link: https://www.accountingtoday.com/news/ifrs-foundation-teams-with-world-bank-on-aiding-developing-economies^ Date: 15 May 2017^ Details: The IFRS Foundation has signed a memorandum of understanding with the World Bank to help developing countries use IFRS, believing the standard promotes greater transparency, accountability and efficiency, allowing emerging economies to attract more foreign investment and spur economic development to alleviate poverty.^
  • Title: FASB Assessing U.S. GAAP Taxonomy^ Link: http://www.journalofaccountancy.com/news/2017/may/fasb-assessing-gaap-taxonomy-201716630.html^ Date: 10 May 2017^ Details: FASB is considering making changes to the U.S. GAAP financial reporting taxonomy that would be intended to improve the taxonomy's usability and the processes that support taxonomy-related activities. FASB is seeking feedback through their website by June 15.^
  • Title: Federal Agencies Begin Unified Spending Reporting^ Link: https://www.datacoalition.org/this-data-set-took-six-years-to-create-worth-every-moment/^ Date: 09 May 2017^ Details: The U.S. federal government's spending information is now available to the public in one single, unified data set. Under a deadline set by the DATA Act of 2014, today every federal agency must begin reporting spending to the Treasury Department using a common data format.^
  • Title: Lawmakers Submit Letter in Support of iXBRL^ Link: https://tax.thomsonreuters.com/media-resources/news-media-resources/checkpoint-news/daily-newsstand/lawmakers-submit-comment-letter-in-support-of-inline-xbrl-proposal/^ Date: 03 May 2017^ Details: Three U.S. Representatives submitted a comment letter to the SEC in support of the proposal to require companies to embed interactive data directly into their financial statements with iXBRL. The lawmakers wrote that there may be some expense in making the transition to iXBRL, but they said the benefits will likely outweigh the costs for most companies.^
  • Title: Senate confirms Jay Clayton to lead SEC^ Link: https://www.washingtonpost.com/news/wonk/wp/2017/05/02/senate-confirms-wall-street-lawyer-jay-clayton-to-lead-sec^ Date: 02 May 2017^ Details: The Senate confirmed the nomination of Jay Clayton, a Wall Street lawyer with decades of experience with assisting companies with regulatory compliance, to lead the U.S. Securities and Exchange Commission.^
  • Title: XBRL US Opposes XBRL Exemption in #ChoiceAct^ Link: https://xbrl.us/news/xbrl-us-opposes-xbrl-exemption-financial-choice-act/^ Date: 28 Apr 2017^ Details: XBRL US strongly opposes a provision in the Financial CHOICE Act. The provision calls for an XBRL exemption for small filers; the exemption would: make it more difficult for small companies to attract funds; offer minimal savings in the short-term and make it more costly in the long-term; mean higher costs for investors and regulators; introduce difficulties in automating analysis; and take away computer-readable, structured data that analysts and investors rely on today.^
  • Title: Measuring Acc'tng Reporting Complexity with XBRL^ Link: http://aaapubs.org/doi/abs/10.2308/accr-51762^ Date: 21 Apr 2017^ Details: From the American Accounting Association whitepaper abstract: We propose a new measure of accounting reporting complexity (ARC) based on the count of accounting items (XBRL tags) disclosed in 10-K filings.^
  • Title: The Rise of the Smart City^ Link: https://www.wsj.com/articles/the-rise-of-the-smart-city-1492395120^ Date: 16 Apr 2017^ Details: Officials are tapping all kinds of data to make their cities safer, healthier and more efficient, in what may be just the start of a sweeping change in how cities are run. #BigData #OpenGov #XBRL^
  • Title: IFRS 9: A Silent Banking Revolution^ Link: http://www.mckinsey.com/business-functions/risk/our-insights/ifrs-9-a-silent-revolution-in-banks-business-models^ Date: 14 Apr 2017^ Details: There is little time left to prepare for IFRS 9. To anticipate the repercussions of the new standard and control how they play out, banks must move fast since the silent revolution will affect all European banks, ready or not.^
  • Title: Notice of Availability of IFRS Taxonomy^ Link: https://www.sec.gov/news/pressrelease/2017-58.html^ Date: 01 Mar 2017^ Details: The SEC has published a taxonomy on its website so that foreign private issuers that prepare their financial statements in accordance with IFRS may submit those reports using XBRL.^
  • Title: XBRL Helps Student-run Investment Fund^ Link: https://xbrl.us/research/timely-affordable-data-analysis/^ Date: 06 Dec 2016^ Details: Professor Mike Phillips at California State University - Northridge, helped his students establish a student-run investment fund that today manages $3.5 million. Students on two of three funds relied on XBRL for timely information to drive their investment decisions.^
  • Title: SEC Rules Changes for Funds' Reported Info^ Link: https://www.sec.gov/news/pressrelease/2016-215.html^ Date: 13 Oct 2016^ Details: Reporting modernization rules will enhance data reporting for mutual funds, ETFs and other registered investment companies, requiring registered funds to file a Form N-PORT monthly and Form N-CEN annually. The rules will require the information in a structured data format. The rules are set to be effective on June 1, 2018.^
  • Title: Filers Given Option to File in iXBRL^ Link: https://www.sec.gov/structureddata/osd-inline-xbrl.html^ Date: 07 Jul 2016^ Details: Inline XBRL, or iXBRL, is a format that allows filers to embed XBRL data directly into a HTML document. iXBRL has the potential to provide a number of benefits to companies and users of the information.^
  • Title: #XBRL at Work^ Link: http://blog.compsciresources.com/2014/10/xbrl-at-work.html^ Date: 30 Oct 2014^ Details: Tweets entitled '#XBRL at work' highlighted different ways that XBRL is already helpful to investors and filers alike; and others pointed out areas in which XBRL may be of further benefit. We pause to look back, and then continue the conversation here...^
  • Title: Rank and Filed | SEC filings for humans^ Link: http://blog.compsciresources.com/2014/04/rank-and-filed-sec-filings-for-humans.html^ Date: 23 Apr 2014^ Details: Rank and Filed currently "collects, links and presents data from different SEC filings" and makes it easy to access and understand. As such, it illustrates that XBRL data can be presented in a way that is understandable to the average person.^
  • Title: DATA Act, part 3: Senate passage update^ Link: http://blog.compsciresources.com/2014/04/data-act-part-3-senate-passage-update.html^ Date: 10 Apr 2014^ Details: This afternoon, a significant stride towards data transparency was made when the U.S. Senate voted unanimously to approve the DATA Act. Read here for more on this and the DATA Act in general.^
  • Title: Top 10 Other Industries XBRL Can Impact^ Link: http://blog.compsciresources.com/2014/03/top-10-other-industries-xbrl-can-impact.html^ Date: 11 Mar 2014^ Details: The implementation of XBRL, both in the United States and worldwide, has led to discussions about what other industries would benefit from implementing a variation of the XML-based language. The list here was compiled to highlight possible additional applications for XBRL.^
  • Title: CompSci Awarded Patent for XBRL Technology^ Link: http://blog.compsciresources.com/2013/01/compsci-resources-llc-awarded-patent.html^ Date: 09 Jan 2013^ Details: CompSci, a leading provider of XBRL conversion software and EDGAR related services, announced today that it has been granted a patent by the U.S. Patent and Trademark Office for its XBRL technology that automates the review, organization, tagging, and analysis of data for generating XBRL documents.^
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