an Interview with Gianluca Garbellotto We had the opportunity recently to interview Gianluca Garbellotto, Chairman of the XBRL GL Working Group, about the exciting advancements XBRL Global Ledger promises to bring to the financial close, consolidation, and reporting landscape. Mr. Garbellotto envisions a future where XBRL becomes the “glue” between discrete and traditionally disconnected software [...]
Archive for the ‘XBRL Compliance’ Category
Finance is Ch-Ch-Ch-Ch-Changing with the Times
CFO’s are concerned about change. And they should be: recent financial crises have spawned a growing number of complicated financial regulations. With the globalization of finance highlighting the need for uniformity in information, change is practically being forced upon the Office of Finance. Software vendors have taken notice. Recent years have seen a proliferation of [...]
Complying with the HMRC iXBRL Mandate
The recent iXBRL mandate by Her Majesty Revenue & Customs (HMRC) requires that all statutory business tax returns be filed electronically using a technology called iXBRL or inline XBRL. After 31 March, 2010, paper filings will not be sufficient, and companies filing after this date must submit their tax returns online through the Government Gateway. [...]
Using XBRL to Reduce Exposure to Financial Risk: A Trintech Case Study
Trintech recently became one of the first companies to file a fully XBRL-compliant Form 20-F with the U.S. Securities and Exchange Commission (read the press release about this groundbreaking XBRL filing here). The Form 20-F filing included detailed Level 1-4 XBRL tagging, and was completed by a cross-functional team of professionals working under the direction [...]
Your XBRL Extension Taxonomy: It’s Not Just About Adding New Tags
This post was originally published on the Hitachi XBRL blog For many businesses filing their financial statements using XBRL to comply with the SEC mandate, the phrase “extension taxonomy” is a largely misunderstood term. There is a narrow view that it is only about adding brand-new company-specific elements which do not exist in the base [...]
Interactive Data: Phone a Friend At The SEC
Many SEC reporting managers may not look to the SEC as an obvious place to seek quick answers to the details of new rules. I would expect an inquiry call to go unreturned, or the answer to be riddled with caveats. But the reality is that the SEC wants XBRL to succeed, and has devoted [...]
Embedding Intelligence Into Your XBRL Tagging Methodology
XBRL is here to stay. By 2011, all public companies filing their financial statements with the SEC will be required to tag disclosures with XBRL meta-data. In fact, many businesses have already begun the process – “Tier 1″ filers were required to submit their financial report in the first reporting period after June of 2009. [...]
Top 10 Tips For XBRL Compliance in 2010
Another year ends, another decade begins. And in our inaugural post on the Last Mile of Finance Blog, we’d like to add yet another “top 10″ list into the mix. The first round of XBRL-based financial filings has already begun. The largest public companies filed their first financial statements in June of 2009. Many more [...]
