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iPlatforms and XBRLFebruary 1st, 2010 by Stewart McKie - Executive Advisor
Bain Capital Venture’s recent $12m investment in EDGAR Online is clear evidence that wary software industry investors are starting to believe in the potential of a global financial ecosystem based on XBRL-tagged data. But I think there’s another reason for this confidence in the future of XBRL. Savvy tech-industry watchers also recognize that the proliferation of ‘iPlatforms’ means many more ways to deliver useful financial information by leveraging XBRL. Read the rest of this entry » Choosing an XBRL Solution: Outsource vs. In HouseJanuary 21st, 2010 by Chris Taylor, CPA - VP, Professional Services
The advancement of eXtensive Business Reporting Language (“XBRL”) technology along with the three-wave SEC mandate for submitting financial information as interactive data has created a tsunami for external reporting professionals at public companies. The first year interactive data SEC filing requirement has been commonly referred to as block tagging. This means that in addition to tagging the body of the financial statements the individual footnotes are each block tagged with an appropriate element from the company’s chosen XBRL taxonomy. The second year interactive data SEC filing requirement includes all the first year requirements, but then requires the additional three-levels of detail tagging for the financial statement footnotes. Read the rest of this entry » XBRL & Crossfire make me want to get an MBA in AccountingOctober 6th, 2009 by Natalya Kuskin - Account Executive
During a call with a potential client last week, I mentioned that Rivet’s Crossfire Financial Reporting Platform makes numbers so exciting that I want to go back to school for an MBA in Accounting. He laughed and revealed that nowadays, being an accountant is less about numbers or analysis and more about rules and mandates that govern how a number is presented. Help with Job DescriptionsSeptember 23rd, 2009 by Stewart McKie - Executive Advisor
There’s been a steady increase in job adverts for reporting analysts and the like that are including the requirement for XBRL expertise. Now I know that writing job specifications is a pain for most people, so I thought I’d help you out. The next time you are writing a job spec for a financial/reporting analyst, just drop in this paragraph – it will save you a lot of time: Managing Risk Using XBRLSeptember 22nd, 2009 by Brian Larson, CPA - Software Quality Engineer
XBRL is gaining momentum as reporting agencies require their constituents to report using the standard. But how about using it within an organization? I used to work in the internal audit department of a major software company and I’ve been thinking about how XBRL can help in that realm. A good internal audit department audits based on risk. A risky area, say derivatives trading, deserves a lot more attention from internal audit as opposed to a non-risky area, like marketing. Read the rest of this entry » Future Proofing Financial ReportingSeptember 18th, 2009 by Stewart McKie - Executive Advisor
It’s not often that a financial reporting tool can both blow your dress up and knock your socks off, but apparently our Crossfire solution can. Or at least it did for long-time FRx consultant Jan Harrigan CPA, blogging at FRxbuzz.com – a site focused on the popular Microsoft FRx financial report writer. Now I should say that this post is not going to go into any more detail about Jan’s clothing being disheveled. These Texas gals can be a touch feisty. Instead I want to focus on another part of Jan’s post – namely – I don’t want to build it up too much but this is the future. (her italics). Read the rest of this entry » Comply. Control. Communicate.September 1st, 2009 by Stewart McKie - Executive Advisor
Rivet has a new tagline: Comply. Control. Communicate. The new tagline reflects two key messages: That Compliance is just the start of a journey towards financial transformation of your business and that Rivet’s Crossfire Reporting Platform will support you on every stage of the journey. |
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