Andrea Fraietta's Blog (3)

An emerging digital language for business reporting and Interactive Data is here - and you can be part of it. XBRL - the eXtensible Business Reporting Language - is an increasingly important language to express financial reporting and other business reporting information - for the Internet ... and beyond. XBRL International member organizations support the Ninth Global XBRL Academic Competition for students concentrating in accounting, accounting information systems, finance, information scienc… Continue

The International Accounting Standards Committee (IASC) Foundation today announced the release of the near final version of the IFRS Taxonomy 2009 for public comment. The IFRS Taxonomy 2009 is a translation of International Financial Reporting Standards (IFRSs) as issued at 31 December 2008 into XBRL (eXtensible Business Reporting Language), a language that is used to communicate information between businesses and other users of financial information. The specific characteristics of XBRL allow… Continue

The Securities and Exchange Commission has officially adopted a rule requiring public companies to begin filing their financial statements in an interactive data format, starting next year. http://www.webcpa.com/article.cfm?articleid=30223 Continue