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1. U.S. GAAP taxonomy for 2014 available   WebExclusive

BY Ken Tysiac
The 2014 U.S. GAAP Financial Reporting Taxonomy is available, pending final acceptance by the SEC, F

2. A tour of five XBRL tools  

BY Mitchell R. Wenger, CPA, Ph.D., Rick Elam, CPA, Ph.D. and Kelly L. Williams, CPA
Supporters of extensible business reporting language (XBRL) have long touted its potential to transform financial data mining and analysis. Now that potential is starting to become a reality, thanks to several new software applications. These tools are designed to help accountants, investors, and analysts extract data from XBRL documents for use in familiar software applications such as Microsoft Excel.

3. FASB releases proposed 2013 U.S. GAAP taxonomy for comment   WebExclusive

FASB released Thursday the proposed 2013 U.S. GAAP Financial Reporting Taxonomy for public review and comment. The taxonomy is a list of computer-readable financial reporting labels coded in XBRL, a computer language that allows companies to tag the pieces of financial data included in typical long-form financial statements and related footnote disclosures.

4. The future is now: XBRL emerges as career niche  

BY Bill Sheridan and Jeff Drew
Opportunity rarely knocks. Life isn’t that easy. Instead, it hides and waits. Our job is to find it and recognize it for what it is. Those who do are rewarded handsomely. As Exhibit A, consider Jeff Petka, a 31-year-old accountant with Atlanta-based energy giant Southern Co. In 2009, Petka was walking down a Southern Co.

5. What's all the fuss about XBRL?  

BY Jeff Drew
XBRL translates long-form financial data, both from the tables and the footnotes in financial reports, into a format that computers can read and understand. To best understand how XBRL works, think of it as another language that public companies and the CPAs assisting these companies must learn—at least enough to understand and vet it.

6. MACPA project serves as XBRL case study for private companies, nonprofits  

BY Bill Sheridan
In an effort to demonstrate XBRL’s scope and versatility, the Maryland Association of CPAs has begun using the technology to populate its financial information and key performance indicator reports. The project could become a blueprint of sorts for how private companies and nonprofit organizations can take advantage of XBRL’s power.

7. U.S. GAAP Financial Reporting Taxonomy available for 2012   WebExclusive

BY Ken Tysiac
The 2012 U.S. GAAP Financial Reporting Taxonomy, which is awaiting final acceptance by the SEC, has been made available, FASB announced today. The taxonomy contains updates for accounting standards and includes other changes to the 2011 taxonomy being used by SEC issuers. The taxonomy is a list of computer-readable tags in XBRL that allows companies to tag the pieces of financial data that are included in financial statements and related disclosures.

8. Business Wire Partners With EDGAR Online for XBRL Filings   WebExclusive

Business Wire signed a deal to use EDGAR Online’s technology to create and produce extensible business reporting language (XBRL) filings to help its customers satisfy SEC reporting requirements, according to an EDGAR Online news release. A provider of news release distribution and regulatory disclosure services, Business Wire handles XBRL tagging, document formatting and regulatory filing for its clients.

9. XBRL  

FASB issued the proposed 2012 U.S. GAAP Financial Reporting Taxonomy for public review and comment. Comments are due Oct. 31. The 2012 U.S. GAAP Financial Reporting Taxonomy is expected to be finalized and published in early 2012. The taxonomy is a list of computer-readable financial reporting labels coded in extensible business reporting language (XBRL), an open-source computer language that allows companies to tag precisely the thousands of pieces of financial data included in typical long-form financial statements and related footnote disclosures.

10. FASB Issues Proposed 2012 GAAP Taxonomy for XBRL   WebExclusive

FASB on Thursday released the proposed 2012 U.S. GAAP Financial Reporting Taxonomy for public review and comment. Comments are due Oct. 31. The 2012 U.S. GAAP Financial Reporting Taxonomy is expected to be finalized and published in early 2012. The taxonomy is a list of computer-readable financial reporting labels coded in extensible business reporting language (XBRL), an open-source computer language that allows companies to tag precisely the thousands of pieces of financial data included in typical long-form financial statements and related footnote disclosures.
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