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FinDynamics

Data Act passed by the U.S. House of Representatives

The DATA Act (HR 2061) mandates the use of structured data for government performance reporting. It was passed yesterday by the U.S. House of Representatives. Once approved by the Senate, it will indicate the next phase in leveraging XBRL standard for financial reporting in the…

Does XBRL implementation in the US work?

While reading the article by David Trainer in Forbes “XBRL Would Be Wonderful If It Always Worked“, I couldn’t get rid of the feeling that something was missing there. Actually, when we use XBRL to build some custom Excel templates for evaluating company financials or…

New version 2.5 of XBRLAnalyst is now available!

The new version 2.5 bring many new features that our users were looking for and asked us to add. Among them are: New Screening tool that allows to search companies either by financial performance (using built-in or user-defined metrics) or by key words searched in…

XBRLAnalyst showcased in Toronto

On October 3, XBRLAnalyst will be demonstrated at the UWCISA’s 8th Symposium on Information Integrity and Information Systems Assurance. The conference focuses on key advancements and issues in Digital Financial reporting and Audit in the era of advanced Data Analytics.

5th XBRL US National Conference

Just in a few days, the biggest US conference on XBRL will start in Las Vegas. The 5th XBRL US National Conference (September 23-25, 2013) wil be about “Current Developments in XBRL Financial Reporting: Implementing Best Practice for Public Companies & Auditors.”   We are…

FASB revises UGT Calculation Hierarchy

FASB has proposed a number of changes in the US GAAP Taxonomy (UGT) that concern Calculation Hierarchy in XBRL filings. The details are provided in their proposal letter and were discussed in the recent webinar. Our view on the changes can be found in the…

Featured in XBRL Canada Newsletter

Our article was recently featured in the XBRL Canada Newsletter. Below, we provide the full text of the article.   Section 2 Leveraging XBRL Data in Financial Analysis   Back in August 2003, Timothy Koller wrote in McKinsey Quarterly an article “Numbers investors can trust”[1], where…