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DataTracks USA
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XBRL Tagging and Conversion Services
XBRL Tagging and Conversion Services

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Tipoftheday #XBRL
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The role of #CFOs is hardly limited to #finance & #accounting. So, how can these highly stressed finance executives keep churning out high quality business results? Find out http://daily.financialexecutives.org/cfos-cope-expanding-roles/

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#XBRL has started #OIM – the Open Information Model which is a new initiative to provide standardized ways to deal with XBRL using alternative syntax. Read more about the initiative here https://www.xbrl.org/making-xbrl-easier/

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Last month, the #SEC made available for the first time complete #data sets which provide information extracted from EX-101 attachments for all “as filed” #XBRL data. Here are 5 scenarios and how the new SEC XBRL data set can be useful in each http://bit.ly/1KF7Svi
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Data accuracy remains one of the biggest challenges facing the #SEC when it comes to the new #XBRL filing requirement. Read
more http://bit.ly/16a4pXU

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The true test of #XBRL is to enable data to be transformed into intelligent insights, a goal that may be marred by two challenges – #Data #Analytics and Data #Visualization. Find out what they are and how to overcome them http://slidesha.re/1DFvtgh

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#Disclosure #statements are meant to protect shareholders and to explain to potential shareholders what the business is about. Plus, they must be able to focus on finer nuances like pensions, investments or the needs of institutional investors – the reason why the #SEC is planning to reform #corporate disclosure. Find more http://www.marketwatch.com/story/sec-official-says-disclosure-reform-at-early-stage-2014-12-09

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Since the move to a non-paper-based #EDGAR model may be far from now, the #SEC is doing much to chart the data collects from
companies that file through #XBRL system. However, there has been some controversy over which companies should have to abide by the standards of reporting that it mandates. Find out more http://daily.financialexecutives.org/future-financial-reporting-part-1/

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DataTracks' Online Reviewer’s Guide, an #initiative launched recently, provides #XBRL preparers and reviewers a platform
for easy and iterative error control. #SEC registrants can now save a lot of filing time. Read more http://finance.yahoo.com/news/datatracks-launches-online-reviewers-guide-225200831.html
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