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XBRL and Augmented RealityJanuary 29th, 2010 by Stewart McKie - Executive Advisor
Once again, no-one invited me to Davos this year, so I’ve been spending my time noodling about XBRL analytics and in particular the visualization of XBRL data. Which led me to this odd couple: XBRL and Augmented Reality. By the way, I think Walter Matthau is perfect for the part of XBRL. Read the rest of this entry » Really, really good stuff from Michelle Savage (XBRL-US) on Investor Relations and XBRLAugust 30th, 2009 by Emily Huang - Co-founder & VP, Business Technology
A recent interview published on www.irwebreport.com has caught my attention. In the article, Michelle Savage (VP of Communications at XBRL-US) has provided some really, really good advice for Investor Relations Officers (IROs) about what they need to know and do about XBRL. According to Michelle, the biggest challenges from an IRO standpoint are: The challenge is getting educated and feeling comfortable with what elements are being chosen — and being comfortable with how your own financials are converted into XBRL. That comes down to understanding not the technology, per se, but rather how your financial guys define your statements using XBRL tags, as well as how your industry or market peers and competitors do the same thing. Reporting: Back to BasicsAugust 26th, 2009 by Stewart McKie - Executive Advisor
Every now and then it’s useful to go back to basics to refresh your thinking on a topic. That’s why it’s worth reminding yourself of section 24 of the IASB’s Framework for the Preparation and Presentation of Financial Statements, which discusses the 4 qualitative characteristics of financial statements, namely:
The Tale of Two Projects (Part Two: XBRL Loader for Thomson Reuters)June 3rd, 2009 by Emily Huang - Co-founder & VP, Business Technology
Think globally, think XBRL!In September 2008, Rivet and Thomson Reuters began working on an XBRL-related project for the Reuters Fundamentals product. The project released earlier this month and the first stage of delivery, handling Japanese XBRL is now in production. “Thomson Reuters is the world’s leading source of intelligent information for business and professionals. Our Reuters Fundamentals offering continues to dynamically evolve as clients demand more and faster data. By integrating XBRL into our existing process clients benefit from enhanced speed and reliability within the same products they use today.” Says Geoffrey Horrell, who is responsible for Investment and Advisory Content Strategy for XBRL at Thomson Reuters.
The Tail is Wagging the Dog – Right Now XBRL is Associated with Reporting DataMay 18th, 2009 by Ted Stavropoulos - Director of Business Development
Corporate filers are filing their returns in XBRL with no apparent benefit to them, or worse yet, the SEC or the investment community. So what’s the point? The point is you have to start somewhere, and that’s where we are. One of the benefits that will be driven by the data is an SEC that is enabled to more efficiently target both analysis and enforcement efforts. At some point, we will all benefit from the data that is being submitted to the SEC via the wisdom of crowds in evaluating corporate performance. And, XBRL will be the underlying technology that enables the army of analysts to act fast. Realizing the Benefits of XBRL by Focusing on the UserMay 10th, 2009 by Ted Stavropoulos - Director of Business Development
A very clever developer once asked me, “If you knew the molecular structure of wine would it taste any better?” I said that – like many people – although I appreciate learning how wine is crafted, I don’t care much about the molecular structure. In the end, what I wanted was to enjoy the wine with my meal. Similarly, XBRL as a technology will enable a number of process transformations, but each of those will be front-ended by purpose-built software; the technical aspects of XBRL are certainly interesting, but only for the right audience. End users will enjoy these benefits relative to the ease of using data within the context of their own work. |
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