Jordan Woodard comments on the success of XBRL23 (the 23rd XBRL International Conference), the status of current XBRL initiatives from around the world, and the future of XBRL & data standardization. The 23rd XBRL International (XII) Conference was held a few weeks back in beautiful Montreal, Canada and the talk of the town was the [...]

We have some exciting news to share. Rivet Software has presented two panels for SXSW Interactive 2012. Last year our panels on corporate sustainability and transparency made their way through the voting process and were featured during the conference.  We’re hoping to make SXSW 2012 an even greater success. Take a moment to check out [...]

Jordan Woodard, Rivet’s XBRL Compliance Manager discusses FASB’s recent releace of ASU 2011-050 Taxonomy Fragment and the 2012 Taxonomy at large Does it seem too early to discuss the 2012 taxonomy? Today, FASB released their proposed Taxonomy changes for Accounting Standards Update 2011-050 Comprehensive Income (Topic 220): Presentation of Comprehensive Income. I don’t want to be [...]

Patrick Quinlan boldly represented Rivet Software testifying in front of the Congressional Committee of Oversight and Government Reform, explaining why there is a need for standardization of taxonomies, or single standard taxonomy. I commend Patrick for continuing to progress XBRL and its potential. Finding his way to Capitol Hill, Patrick gave testimony alongside a panel [...]

From tube to flat screen, standard definition to high definition, 2D to 3D we have seen television technology progress for our view pleasures. If you look at the US GAAP 2012 Draft Taxonomy as much as I do you will be excited to hear about the NEW “2012 Development Taxonomy”. The new taxonomy allows you [...]

Element selection can be one of the more challenging parts of preparing XBRL filings. With SEC guidance like “Filers should select elements after a thorough search of the standard taxonomy and careful consideration of elements’ standard definitions, standard labels, and other attributes.” (SEC Staff Observation from October 6, 2009) and “Filers should concentrate more effort [...]

Demystify dimensions for XBRL’s Multi dimensional constructs James Cameron’s Avatar is one of the heaviest hitting movies in the box office, not just because it is a great movie but also because it is an epic adventure in 3D.  Face it, we like 3d because of the additional context of depth. If you consider sound [...]

“Now I know how my baby feels! Sensory overload here at #SXSW. Thankfully no diapers involved.” tweeted Michel Leder fellow panelist at this year’s SXSW Interactive conference, and I could not agree more. SXSW Interactive is a five day onslaught of inspirational presentations from the brightest minds in emerging technology, scores of exciting networking events hosted [...]

In my last Blog post about the 2011 taxonomy I explained how Rivet is preparing to support the changes from the old 2009 taxonomy to the new 2011 taxonomy. We have built our platform using the draft version of the 2011 taxonomy and are currently laying in the updated taxonomy that was delivered to the [...]

Imagine spending two years learning a new language. You begin to master the nuances of this language and become proficient enough to use it to communicate. You can eventually use it with confidence to express your thoughts and ideas with some precision. Then you wake up one day and learn the world around you is [...]