Financial Reporting Developments at the SEC – How the emerging use of XBRL will impact your company

The XBRL Canada Webinar, hosted by Newswire, was presented on June 12. 

It is now archived at: http://event.on24.com/r.htm?e=624975&s=1&k=167036719207E922F158DBC76158DA6B.

Please note that the audio does not come on until the poll results are presented.

REMINDER: Today, June 12, 2013 at 12:30 PM Eastern, XBRL Canada will be holding its Webinar

REMINDER: Today, June 12, 2013 at 12:30 PM Eastern, XBRL Canada will be holding its Webinar
“Financial Reporting Developments at the SEC – How the emerging use of XBRL will impact your company”.

 It will be presented by Virginia Meany, Assistant Director in the Division of Risk Management and Financial Analysis at the SEC and responsible for the Interactive Data program, Kimberly Earle - Associate Chief Accountant in the Office of Interactive Data and Matthew Slavin - IT Program Manager of the Office of Interactive Data.

You can participate by clicking on: http://event.on24.com/r.htm?e=624975&s=1&k=167036719207E922F158DBC76158DA6B.

Audience members may arrive 5 minutes in advance of this time.

Why XBRL is in Tune With the Times

Here's an article on the need for creation of unstructured data for investment purposes.
Check it out.

REMINDER - WEBINAR June 12, 2013: Financial Reporting Developments at the SEC - How the emerging use of XBRL will impact your company

TORONTO, June 5, 2013 /CNW/ - On June 12, 2013 at 12:30 PM ET, XBRL Canada will be holding a Webinar focusing on the role of XBRL at the SEC, and the implications for listed companies, including Canadian "foreign filers". It will be presented by Virginia Meany, Assistant Director in the Division of Risk Management and Financial Analysis at the SEC and responsible for the Interactive Data program, Kimberly Earle - Associate Chief Accountant in the Office of Interactive Data and Matthew Slavin - IT Program Manager of the Office of Interactive Data.

The Webinar will feature discussion on the following;

• status of the current rules regarding filing of interactive data;
• key issues - including filer challenges and quality concerns;
• update on the IFRS taxonomy and emerging software tools.
• update on the new XBRL filing rules for extractive companies

Other important topics include the Accounting Quality Model (which the press has dubbed "Robocop") and the considerations relating to adoption of Inline XBRL. There will be time for questions and comments.

Mark your calendars now for Wednesday, June 12 at 12:30 PM Eastern Time.

Please register at: : http://event.on24.com/r.htm?e=624975&s=1&k=167036719207E922F158DBC76158DA6B

XBRL Canada is funded and supported by Chartered Professional Accountants of Canada.

SOURCE: XBRL Canada

For further information:

Gerald Trites,
XBRL Canada,
gtrites@xbrl.ca

WEBINAR NOTICE: Financial Reporting Developments at the SEC – How the emerging use of XBRL will impact your company

On June 12, 2013, XBRL Canada will be holding a Webinar focusing on the role of XBRL at the SEC, and the implications for listed companies, including Canadian “foreign filers”. It will be presented by Virginia Meany - who is Assistant Director in the Division of Risk Management and Financial Analysis at the SEC and responsible for the Interactive Data program,  and Kimberly Earle - Associate Chief Accountant in the Office of Interactive Data and Matthew Slavin - IT Program Manager also from the Office of Interactive Data.

The Webinar will feature discussion on the following;

• status of the current rules regarding filing of interactive data; 
• key issues - including filer challenges and quality concerns; 
• update on the IFRS taxonomy and emerging software tools. 

Other important topics include the Accounting Quality Model (which the press has dubbed “Robocop”) and the considerations relating to adoption of Inline XBRL. There will be time for questions and comments.

Mark your calendars now for Wednesday, June 12 at 12:30 PM Eastern Time.

Further details will be released soon.

XBRL Canada is funded and supported by CPA Canada.

Data Monetization

Freely transportable and usable data is becoming an increasingly important and valuable commodity in business. The advent of data monetization has provided an economic framework to guide the collection and use of data and offers a basis for its valuation. Data can be monetized through its sale for cash, for other data, or for other monetized assets. Certainly one of the major value components of data is its transportability and platform independence, which makes its more readily usable for its intended purposes. Here's a recent article on the subject.

XBRL a Growing Force Around the World

A recent presentation at the XBRL International Conference in Dublin highlighted major implementations of XBRL in numerous countries. The data provides striking evidence of the growing role of XBRL around the world, particularly in its use by governments and regulators.

The data represents implemented projects during 2013 and shows 1.6 million filings with HMRC and 1.1 million with Companies House in the UK. Also, there were 1 million filings each with Bundesbank in Germany and with Infocamere in Italy. In the sphere of SBR, thee are new projects in Finland, Norway, Ireland and Denmark. And that's just in Europe! Other data on other parts of the world show significant filings in Shanghai, Japan and India, among others.

Securities and financial regulators account for 47% of the filings, with the remaining attributable to bank regulators, business registers, SBR and Tax regulators.

It's an impressive record and one that shows just how very important XBRL has become on the world stage. Here's the presentation.