Thursday, July 14, 2011

XBRL: Smaller Co's Phase In, Liability Exemptions Phase Out

The SEC's three-year phase-in -- from the largest to the smallest companies --to furnish financial statements, footnotes, and certain other information to the SEC using interactive data tags called eXtensible Business Reporting Language or XBRL, recently reached the third and final year of the phase-in, with the smallest companies (those with less than $700 million market cap) joining the ranks of their larger co brethren, effective with fiscal periods ending on or after June 15, 2011. See the SEC's Summary of XBRL Information for Phase 3 Filers.

Lessons Learned
XBRL filers of all sizes will find useful the SEC's recent publication of 'lessons learned' during the implementation of XBRL by large accelerated filers, published in the form of SEC Staff Observations From Review of Interactive Data Financial Statements. The report was prepared by staff of the SEC's Division of Risk, Strategy, and Financial Innovation.

See the related article in the Hitachi Data Interactive Blog: SEC Staff Assess Early 2011 XBRL Submissions, Offer Suggestions for Improvements

Liability Exemptions Being Phased Out
Meanwhile, the liability exemptions offered during the first two years of XBRL filing are being phased out according to preset sunset provisions set forth in the initial XBRL rulemaking. Read more in this article by Skadden Arps' Brian Breheny, Skadden on the Completion of XBRL's Phase-In Period, via PLI's Securities Law Practice Center. Prior to joining Skadden, Breheny was Deputy Director, Legal and Regulatory Policy, in the SEC's Division of Corp Fin.

Who Wants To Win $20,000?
XBRL US, the nonprofit consortium for XBRL business reporting standards in the U.S. market, recently teamed together with the CFA Institute and Wharton Research Data Services to offer "A $20,000 grand prize ... to the company, team or individual developer who submits the most inventive and useful application leveraging XBRL-formatted data from the U.S. Securities and Exchange Commission (SEC) EDGAR database." (See XBRL-US press release.)

As further stated in the press release:


Individuals or organizations can learn more and enter the contest on the XBRL Challenge page on Facebook at http://xbrl.us/challengefb or by visiting http://xbrl.us/challenge . Updates will be shared on Facebook and on Twitter at http://twitter.com/xbrlus using the hashtag #XBRLCHALLENGE.

Developers and other prospective contestants may participate in a special briefing on August 3, 2011. Go to http://xbrl.us/challenge and click on the link on the right-hand side. All final submissions must be received by January 31, 2012.


Former FASB Chairman Featured In July 28 Webcast
In related news, former FASB Chairman Bob Herz will be the featured speaker in a July 28 webcast co-sponsored by Webfilings and FEI, entitled: SEC Reporting Today and Tomorrow: A Q&A Discussion With Bob Herz, Former FASB Chairman. The discussion will be moderated by Joe Howell, co-founder and managing director of WebFilings and organizer/community moderator of the SEC Professionals Group.


Herz will be answering questions submitted by registrants about key financial reporting developments covering a variety of topics - from the current status of FASB projects and XBRL compliance to the future with IFRS. Participants in the free live webcast can earn 1 CPE.

Print this post

89 comments:

Xbrl said...

xbrl SOFTWARE CAN REDUCE REPORTING BURDEN, IMPROVE THE DATA TIMELINES, AND ACCURACY ARE FEW IMPORTANT THINGS TO CONSIDER.

shop said...

I read so much helpful data above!

Best Ibeacon Online said...

I really think you will do much better in the future I appreciate every thing you've added to my information base. Cheap iBeacons

plano invisalign dentist said...

this awesome blog are literally wonderful in addition as considering the very fact that filled with normal rock. Do stating and conjointly this surely i'll fully modify your blog. hope u well there. thanks plano invisalign dentist

rumah dijual di batununggal bandung said...

I was very impressed by this post, this site has always been pleasant news Thank you very much for such an interesting post, and I meet them more often then I visited this site. rumah dijual di batununggal bandung

surf camp Norway said...

You are exceptionally good. Really informative and well explained article. I would love to get subscription of your work. surf camp Norway

Buy Paintings online said...

There are a lot of blogs and articles out there on this topic, but you have captured another side of the subject. This is good content thank you for sharing it.Buy Paintings online

surf camp Portugal said...

Wow amazing, Nice content I found so many interesting stuff in your blog especially its discussion Thanks to sharing thanks!surf camp Portugal

Passbook passes online said...

I seemed to be extremely satisfied through this particular article, this web site has Passbook passes online become enjoyable information Thanks a lot regarding this kind of useful article, along with I fulfill these people more reguarily i then been to this web site.

kerosene heater said...

I appreciate the efforts you people put in to share blogs on such kind of topics, it was really helpful. Keep Posting! kerosene heater

door handles said...

This is great ! It really shows me where to expand my blog. I think that sometime in the future I might try to write a book to go along with my blog, but we will see.Good post with useful tips and ideas.door handles

kerosene heater said...

I am very enjoyed for this blog. Its an informative topic. It help me very much to solve some problems. Its opportunity are so fantastic and working style so speedy. kerosene heater

driveway motion sensor said...

I think the variation you're seeing could easily be due to your experimental error, especially given the fact that your largest difference is only around 0.04 g/ml. Without error calculation, it's difficult to say that these data mean anything at all. Just sayin.driveway motion sensor

plug in wireless door chime said...

Superb write-up I adore your current post love the way you explained all things, your are performing a fantastic work a lot of other people that you through which style of beneficial websites present understanding to help us relevant to several things.plug in wireless door chime

Long term Disability insurance Attorney said...

The team at Disability Insurance Lawyers enjoys reading your posts. If anyone you know needs disability insurance help please send them our way. We like to work with like minded people. Clearly you are intelligent and care about the quality of your work, we respect that. We have the same approach when it comes to being disability attorneys. Let's face it long term disability is not something people should have to deal with on their own. We are New York based disability lawyers and we stand up for disabled patients when no one else will. Regardless of your needs we can help with bad faith insurance needs, class action lawsuits, erisa long term disability claims, and so much more. Fill out our free claim evaluation form here. As far as your writing goes it's well crafted and like I stated earlier we've enjoyed reading your post and we will continue to read them. We will also make sure to share your site with those that we know will be interested in the topics you write about. Have a great day!

Paris corporate event said...

I recently took a Media Bistro class and although I did learn a lot, I'm not sure it justified the high cost of the class. If they were cheaper, I would take them much more frequently.Paris corporate event

website design agency denver said...

The addition of the news feed caused some discontent among facebook users.website design agency denver

door handles said...

Hello, I have browsed most of your posts. This post is where I got the most useful information for my research.door handles

Best economical Dymo Labels said...

than ever before.Apple Ibeacon Intended for my own website I would like the very best web page design and also web host company therefore.

best cheap hologram projection online said...

This scenario is best illustrated with a quote from Steve Jobs, who said We are not going to wait for customers to tell us what they want. We are going to introduce what we think is in their best interest, and they will learn to love it.

steps in selling a business said...

The team at Disability Insurance Lawyers enjoys reading your posts. If anyone you know needs disability insurance help please send them our way. We like to work with like minded people.steps in selling a business

Lawn Care said...

If you would like to grow your familiarity just keep visiting this site and be updated with the most recent news posted Lawn Care

surf camp UK said...

Nur eine lästige Internet Erinnerung, es ist letzten halben Weg auf dieser lose definierte Fünf-Monats-Frist.surf camp UK

sedotan plastik said...

Mmm.. good to be here in your article or post, whatever, I think I should also work hard for my own website like I see some good and updated working in your site.sedotan plastik

active8.com​ said...

I appreciate the efforts you people put in to share blogs on such kind of topics, it was really helpful. Keep Posting!

Learn English Online said...

SpeechSchool.TV is the world's #1 provider of online speech training.We're based on campus at a major university and in central London. Whether you want to learn to speak with a Standard English accent or become a seasoned public speaker, our courses can transform your confidence.

exterminators washington dc said...

Do you want to exterminators washington dc Light Watkins has been providing meditation course from many year in new york.Get the best meditation audio course online and best personal trainer now.

exterminators washington dc said...

Do you want to exterminators washington dc Light Watkins has been providing meditation course from many year in new york.Get the best meditation audio course online and best personal trainer now.

steve7876 said...

Families can enter Red Ribbon Week's contest to win a $1,000 grant for their school and a new iPad for their home. To participate in the contest families and students will decorate the front of their homes with this year's message: Autos Nuevos

Orlando SEO Services said...

Thanks for making such a cool post which is really very well written.will be referring a lot of friends about this.Keep blogging.Orlando SEO Services

steve7876 said...

I will be sure to bookmark your blog and may come back very soon. I want to encourage you to definitely continue your great job, have a nice weekend. jual rumah batununggal indah bandung

steve7876 said...

Someone Sometimes with visits your blog regularly and recommended it in my experience to read as well. The way of writing is excellent and also the content is top-notch. Thanks for that insight you provide the readers! jual rumah batununggal indah bandung

steve7876 said...

Penyakit Jantung Koroner. Pencegahan sekunder ditujukan supaya mencegah datangnya serangan lagi pada orang yang sudah pernah mengidap Penyakit Jantung Koroner serta amazon pun berguna untuk pencegahan yang baik. Selain itu, dengan amazon Plus Alami, darah tinggi, diabetes dan kegemukan dapat dikendalikan. free leads

steve7876 said...

This topic is the one that I have been looking into from last 3 days and your insight is extremely useful. Thanks for sharing this information. Paris team building

Gujjar rehman said...

My partner and i enjoy your initiatives anyone men and women put in place to talk about blogs in these kinds of style of subject areas, it was definitely useful. Preserve Putting up! water damage repair dallas

Expedia coupon said...

wow, awesome post, I was wondering if there is a way to enlarge my penis quickly. and found your site by google, learned a lot, now i’m a bit clear. bookmarked and also signed up your rss. keep us updated.Expedia coupon

steve7876 said...

Thanks for sharing your post and it was superb .I would like to hear more from you in future too.water damage repair dallas

Earn Online High School Diploma said...

I like your post. It’s sensible to check you verbalize from the guts and clarity on this vital subject is often simply ascertained.

Visit: Earn Online High School Diploma

steve7876 said...

There are a lot of blogs and articles out there on this topic, but you have captured another side of the subject. This is good content thank you for sharing it.how to sell a business

steve7876 said...

I think the variation you're seeing could easily be due to your experimental error, especially given the fact that your largest difference is only around 0.04 g/ml. Without error calculation, it's difficult to say that these data mean anything at all. Cashback

Sommerfest Oslo said...

Awesome blog. I enjoyed reading your articles. Sommerfest Oslo

Jhon clerk said...

Excellent .. Amazing .. I’ll bookmark your blog and take the feeds also…I’m happy to find so many useful info here in the post, we need work out more techniques in this regard, thanks for sharing.fx pip rebates

shahbaz said...

The information you have posted is very useful. The sites you have referred was good. Thanks for sharing.τραπεζακια σαλονιου

dicas de cabelo said...

This post is so informative especially the images posted here do make this blog more outstanding in comparison to others maybe this post needs to be briefed here dicas de cabelo

reflectometer said...

An iPod, a phone, an internet mobile communicator... these are NOT three separate devices! And we are calling it iPhone! Today Apple is going to reinvent the phone. And here it is.reflectometer

shahbaz said...

If you may wear “ leg ” high boots you desire to wear them in the correct fashion. You will be fashionable while not looking as an extra as a result of Pretty Lover.white doll face with blue eyes

shahbaz said...

I really loved reading your blog. It was very well authored and easy to understand. Unlike additional blogs I have read which are really not tht good.dolor de cabeza

steve7876 said...

Your hot chocolate tray is great, the jars are so clever. I love simple, cute things put together that don't cost a small fortune!! I'm ready for Christmas decor and I've already seen several houses with their outside Christmas lights on.electronic pest control maker in Taiwan

steve7876 said...

Remarkable. Online essay services reviews are largely incapable of realising how pointless they appear to those who are not fellow believers. Who will be the one to decide between the anticipated chaos of ruminations? Graph may just save us from a catastrophic failure.great herbal vaporizer selection

shahbaz said...

I must say that overall I am really impressed with this blog. It is easy to see that you are passionate about your writing. If only I had your writing ability I look forward to more updates and will be returning.vitamin d präparate

Jobs in UAE said...

I like your post. It is good to see you verbalize from the heart and clarity on this important subject can be easily observed. You have provided great information in your post.Jobs in UAE

shahbaz said...

I like the way you described the topic with such clarity.Your blog is awesome and unique also.I like it so much. hollywood beach condos for sale

shahbaz said...

Your blog continues to amaze and inspire. You even put a smile on cancer. You're family is in my thoughts and prayers.Teambuilding

iWebHostingCoupons said...

I'd like to go to Granite City and give it a try. O'Charley's is nice, because we have four kids...and all four can eat free when my husband and I each order a meal. What is the deal at Granite City? Purchase a meal get one kid's meal free or something like that?iWebHostingCoupons

Atlanta car service said...

Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with extra information? It is extremely helpful for me.Atlanta car service

steve7876 said...

This is a very useful post. A lot of people probably have been waiting for this kind of a post from this site. Assignments which can be seen by whole groups, exactly the kind of facility we needed to connect.synthetic diamond ring

steve7876 said...

This post is really magnificent. I really like this post. It is one of the best posts that I’ve read in a long time. Thanks a lot for this really good post. I really appreciate it! halong bay tours

2016 Honda Pilot said...

Hi, I find reading this article a joy. It is extremely helpful and interesting and very much looking forward to reading more of your work. . . 2016 Honda Pilot

shahbaz said...

They are one of the biggest industries in our city and I hope they will continue their good work. Thanks for sharing this with us and keep posting more updates in your blog.usedom ferienwohnung

steve7876 said...

I really loved reading your blog. It was very well authored and easy to understand. Unlike additional blogs I have read which are really not tht good. Alys Beach real estate

Finish Your High School Education Online said...

I have extremely enjoyed reading your website posts. Any method i will be subscribing to your feed and that i hope you post once more shortly.

Finish Your High School Education Online said...

I have extremely enjoyed reading your website posts. Any method i will be subscribing to your feed and that i hope you post once more shortly.

Rental mobil di Kampung Inggris Pare said...

Saat ini anda bisa mencari hampir semua yang anda butuhkan di internet, seperti rental mobil di Pare, di internet juga ada Tempat Sewa motor di Pare Kediri, bisa juga anda ketik di google rental mobil di Kampung Inggris Pare Kediri, dan jika anda membutuhkan jasa Guru les privat di Surabaya, sebagian anak juga membutuhkan Guru les privat Matematika ke rumah di Jakarta dan bagi anda yang ingin kursus bisa disini Kursus bahasa Inggris di Pare Kediri

shahbaz said...

I also benefit from learning the assessments, but learn that alot of people ought to stay on essay to try and add worth in the direction of the authentic weblog release. family dentistry complete emergency dentistry

paintball Oslo said...

I am very happy to read this article. Thanks for giving us go through info.Fantastic nice. I appreciate this post. paintball Oslo

GED online Diploma said...

Its very well written post thanks for sharing.

GED online Diploma said...

Its very well written post thanks for sharing.

steve7876 said...

This is really a great read for me. Thank you for publishing articles having a great insight stimulates me to check more often for new write about Tao of Web Hosting.Employee Performance Review

High School Diploma Online said...

Really well created post i have got here,.

steve7876 said...

useful information on topics that plenty are interested on for this wonderful post.Admiring the time and effort you put into your b!..usedom ferienhaus

Richard C. Lambert said...

In this article understand the most important thing, the item will give you a keyword rich link a great useful website page. SEO company Houston

Music Lessons howick said...

Forte School of Music is providing Music Lessons in Howick Auckland , New Zealand. Forte School is best in Music , Singing , Guitar and Piano Classes. Contact us now 09 534 2223

Maya Mukharjee said...


Thanks for sharing this Post, Keep Updating such topics.
mediacomtech

FLOORING Sydney said...

Exactly the reason why perhaps not really take a few of the burden from yourself through enabling your loved ones members that will help you in your own daily work. Here are a few ideas that you could put in to action to begin obtaining your own household included.FLOORING Sydney

goedkoop vliegen said...

CleanVape™ Technology for E-liquids and e-juice flavors. Wholesale Vaping and private label e-juice and e-juice liquid nicotine.goedkoop vliegen

aaatreeserviceny said...

I was being so curious why this all posts talk about compliment with this one. So I just read of what the content of this and began to think that there is no really doubt why this post talks about complimenting and uses praising word about this. So thanks for sharing this great post.aaatreeserviceny

Trang Nguyễn Thị Minh said...

Thanks for sharing this article as well as the documents that helped me a lot! Doii right I will always follow your blog now. guide vietnam, Phu quoc island explorer

web hosting said...

Wonderful blog! I found it while surfing around on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while.web hosting

Bike Accident Lawyer Key West said...

Very interesting to read this article.I would like to thank you for the efforts you had made for writing this awesome article.Bike Accident Lawyer Key West

Nguyễn Quỳnh said...

Thank ap post
Dàn lạnh âm trần Cassette Multi Daikin

Maya Mukharjee said...


I have not heard about before. Keep sharing more blog posts on this Community and get extra benefits with this ideas and knowledge. Thanks for this one.
cdceere
tedaswa
tedffge

Ming Jenny said...

thank you for providing me with useful information, we can organize a tour of bay, sapa, maichau ... you are interested please afford survey
Mai chau tour | Sapa trekking tours | Halong bay tours


Madhuri said...


thanks for share best post and great info about any field and have best community in the world.
ventually
stockmarket
indian listeners

rishabh said...

https://neonetwirelessng.blogspot.in/2015/09/microwave-radio-transmission-training.html?showComment=1475736767235#c226274436227478915

rishabh said...

http://financialexecutives.blogspot.in/2011/07/xbrl-smaller-cos-phase-in-liability.html
http://sl.ff.cuni.cz/svet-literatury-2013-rocnik-xxiii-c-47#comment-12755
http://www.lenaroy.com/2012/02/i-am-not-john-green.html?showComment=1461141887353#c4450533559066147801
http://theenchantedcook.blogspot.in/2011/12/chocolate-pb-and-banana-smoothie.html?showComment=1461141915498#c4200864376602726708
http://hobbledgrace.blogspot.in/2015/07/cctv.html?showComment=1461141939484#c4434895641108205950
http://wingsofkkb.blogspot.in/2015/04/official-entry-form-for-bird.html?showComment=1461141971841#c1651500674872469180
http://www.ournestinthecity.com/2016/01/unique-baby-shower-gifts.html?showComment=1461142189543#c2594148264675620728

rishabh said...

thanks for sharing these post, keep updating some new onces.
irctcloginpage1
irctcloginpage

rishabh said...

i am searching this type of blog from long time.Thanx for sharing
irctcloginpage2
irctcloginpage3

rishabh2424 said...

i am searchin nfor this type of post since long time finally i got it,thanks
Rummycircle Review
Rummycircle Review

baby bowtie said...

Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon.baby bowtie