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financial statements
As XBRL mandate looms, SEC seeks urgent help with software
AS THE US Securities and Exchange Commission (SEC) considers new rules to require companies to begin filing their documents in eXtensible Business Reporting Language (XBRL), it has been having trouble finding software experts who can help make those filings usable to investors.
The commission put out a pressing call in June for contractors to help it [...]
SEC posts text of proposed XBRL rule
JUST in time for the weekend, the US Securities and Exchange Commission (SEC) today posted the full text of the proposed rules for mandatory XBRL filings for domestic and foreign public companies.
The proposed rules (embedded below) apply to domestic and foreign public companies that prepare their financial statements according to U.S. GAAP, and foreign firms [...]
XBRL group assesses SEC rule impact
THE US Securities and Exchange Commission’s plan to make eXtensible Business Reporting Language (XBRL) mandatory starting next year will have few immediate benefits for companies and investors, the body charged with promoting the technology has said.
XBRL US says in a sobering white paper published on Friday that while companies won’t have much difficulty meeting the [...]
Ignorance, arrogance and Philips Electronics
NETHERLANDS-based Philips Electronics has an unhealthy disrespect for its shareholders. Despite participating in an academic study showing that the majority of its investors prefer HTML annual reports, the company has posted its most recent report in a 219-page PDF blob.
The company’s actions raise questions about its intentions and the transparency of its reporting. Doubt also [...]
Improving the usability of financial statements
REVIEWING financial statements lies at the heart of investment research. It’s what investors do most often when keeping track of the companies they follow or own.
So when it comes to choosing places to invest your IR website dollars, annual and quarterly financial statements are a high value target.
Well designed, highly usable financial statements improve the [...]
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