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Financial Evolution in Excel with XBRLAnalyst

We would like to share with you some great news about SEC and Financial Evolution happending today and fully supported by XBRLAnalyst for Excel.

Recently, SEC announced that it starts accepting Inline-XBRL. You may wonder what this means to the world of financial analysis. In two words, low cost and highly consistent easily accessible financial data. There will be no more separation between HTML and XBRL reports, which resulted in various inconsistencies in reported data. With iXBRL, every filer will be submitting to SEC only one document per financial 10-K or 10-Q filing. That will bring together the benefits of both worlds: reliableaudited financials reported in HTML as well as easily accessible data for financial analysis in Excel.

The first example was filed by LENNAR CORP on July 1. XBRLAnalyst fully supports Inline XBRL and seamlessly brings it in Excel. You will have easy access to XBRL data in Excel as before although it will be much better data then before.

Lennar_iXBRLAnalyst

iXBRL reported shown in XBRLAnalyst

XBRLAnalyst brings unique and best class innovation by leveraging XBRL data. Today, we highlight the Corporate subscription tools that make financial modeling in Excel a breeze and save 99% of time that you used to spend extracting data from 10-K and 10-Q reports for 20+ quarters.

1) Did you know that XBRLAnalyst computes for you all quarterly data that companies may not be reporting. For instance, it computes all quarterly Cash Flow values from cummulative results and Q4 data for Income Statement.

2) Extended Financial Statements built with FinStatement Excel function solve the fundamental problem of building 20 period Income Statement for a company that changes its financial reporting style of a company over several years. Watch how it works with just a single click.

3) We also introduce a completely new functionality that permits building 20 period table of the Operating Segment information by automatically extracting it from company footnotes. Watch how this works in Excel for multiple companies with just a change of company ticker.

If you need assistance building Excel models that leverage XBRLAnalyst tools, contact us at  support@findynamics.com. For video tutorials, visit https://findynamics.com/tutorials

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