XBRL

IRIS World 2010: report 1

October 6, 2010 Innovation
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Yesterday I attended IRISWorld 2010 along with a cast of some 500 accountants. I bumped into my old sparring partner John Stokdyk who looked incredibly dapper (suit AND tie, I failed on the tie) as we joined the other suited great and good at IRIS’s London leg of its user conference tour. There was much [...]

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XBRL – asking the wrong question

August 18, 2010 Innovation
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Mark Lee has a post about XBRL where he says: Clients will only agree to paying additional fees if they perceive that additional work is being done and that this benefits them in some way. Tagging company accounts for the taxman, using iXBRL tags, is going to be obligatory from 2011. It seems that plenty [...]

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2010: support your trade group

December 16, 2009 Cloud Computing/SaaS

If you’d asked me a year ago: ‘Should I support a trade group?’ my answer would likely have been ‘Doubtful.’ Trade groups tend to have one agenda – fighting their corner – and very often that’s to the detriment of what they’re trying to achieve. Why? Because it is a single view that doesn’t necessarily [...]

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IFRS and XBRL: CPA's – listen up

October 30, 2009 General

The last few hours I’ve seen people on Twitter bitching and moaning about two things: XBRL analysis tools are expensive – ie $4,800 per annum IFRS impact on taxes Sheesh. As one of the XBRL for Dummies editors I feel justified in saying that it is the best thing that’s happened in financial reporting for [...]

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Three little piggies or we all fall down and then what?

May 26, 2009 Tax and Ethics

A couple of weeks ago Jim Peterson digitally urinated all over a piece in AccountancyAge about the Big Four and whether one would fall. In the process, he took a mild swing at Francine and my bet on the same topic. Jim is blunt and to the point. He says not if but when (as [...]

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New SEC chief unhelpful on IFRS and XBRL

April 29, 2009 Tax and Ethics

Reading in Reuters that SEC head Mary Schapiro …made it abundantly clear that XBRL was very low down her priority list when she spoke at the Reuters Global Financial Regulation Summit on Tuesday, and she hinted that the SEC might allow for delays in compliance, though she didn’t know if that would be necessary. “I [...]

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Will XBRL open up a Pandora's box?

March 30, 2009 General

Neil Hannon may have unwittingly opened a Pandora’s Box over the upcoming use of XBRL. Discussing a common situation where “…and other” gets added into an accounts classification, he says – and quotes from a conversation with Louis Matherne, former XBRL International President and XBRL consultant: The company balance sheet says “prepaid expenses and other”. [...]

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Maryland bound?

March 11, 2009 General

I rarely leave Andalucia unless there is a firm business context. I make it tough on companies that want me to attend events. There’s a reason beyond the fact Andalucia is a beautiful place to live, is quiet, hassle free and so on. There are way too many talking head conferences where much of the [...]

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XBRL and the New Four

February 25, 2009 General

If you have any interest at all in reporting then this last week has been a big one for XBRL, the emerging technology that will change the way global reporting is undertaken. I counted 28 pieces on searchTwitter in the last two days alone. However, the most important pieces did not appear in the technical [...]

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