When EDGAR Online and UBmatrix officially merge, the winners are everyone and anyone who deals with business data – whether they create it, report it, or analyze it. At least that’s how we saw it, when we made the decision to combine the two companies and create a global giant in the financial information industry, offering one-stop access to superior business data, software, and reporting services. Here’s the story behind the story. Read the rest of this entry »
Securities and Exchange Commission staff has made the replay available of a public seminar to help mutual funds comply with new rules that require them to file data in the risk/return summary section of the prospectus using XBRL. The enhanced data gives investors quicker access to the data they want in a format that is easily used, searched, and analyzed. The SEC webcast is available for reply, which gives solid information on what is required, and what investors can expect when mutal funds begin filing interactive data as of January 1, 2011. Read the rest of this entry »
In the middle of toasting itself for a decade of hard work, the XBRL community learned that U.S. Senators inexplicably cut a data transparency amendment out of the financial overhaul bill. What happened? Who doesn’t want more transparency in government’s spending? Read the rest of this entry »
At 6:00 PM on the Friday, beginning the summer holiday weekend, we impulsively typed “free beer” in the search box of our EDGAR Pro application. Surprise! Guess which beer manufacturer decided to amend certain postretirement benefits, specifically the amount of free beer the former employees could enjoy?
Check your answers! Read the rest of this entry »
Here’s a great little video that explains how the web is changing into something called the semantic web. You may have heard the word, but not know what it means. And that is exactly how search engines work today: they get the keyword, but they don’t know what it means. The semantic web is smarter: search engines will understand and deliver more of what you are really asking for when you perform a search. Learn why the XBRL format is considered one of the semantic web’s best tools. Read the rest of this entry »
Attention financial and IT managers: If you want to see what your future holds when the U.S. Securities and Exchange Commission starts converging the U.S. GAAP with IFRS (International Financial Reporting Standards), read this new white paper from the AICPA (American Institute of Certified Public Accountants). It explores the IT implications for a company converting to IFRS, including the impact on financial and business reporting, implementation considerations – such as XBRL – and lessons learned from the European experience. Read the rest of this entry »
Why did the Dutch, who owned no gold or silver mines, manage to acquire more wealth than, Spain, which despite all the treasure amassed from conquering the New World, ended up with inflation and near bankruptcy? Arguing that capitalism is a cultural—rather than purely economic—phenomenon, historian Joyce Appleby traces the strange beginnings of what we now call the market economy, and concludes that capitalism is not as inevitable as many economists and pundits believe it to be. Read the rest of this entry »
We assume when people sign up online for our newsletter that they want to learn more about business data and our products. But sometimes people fill out the subscription form in a way that makes us laugh. One hopeful entrepreneur apparently confused Nasdaq with Nascar and in the “How can we assist you” field of the subscription form he entered: “i am interested in offering a product to retail and it will require a license from nascar. i seen your information on a site discussing your license with nascar. would you be interested?” Read the rest of this entry »
Which country just last Sunday, June 6, announced it will get on board with XBRL?
Check your answers!
On September 17, 1938, Russian economist Nikolai Kondratieff was executed by a firing squad during Stalin’s Great Purge. His crime? Not agreeing with the heads of state that while capitalism has had built-in tensions that would inevitably create costly, socially damaging down waves, communism was not subject to the same corrections or recessions. Worse, his theory of economic cycles and “long waves” lasting over 60 years, suggested that capitalist economies, once out of recession, would rebound strongly. It took over 50 years for Kondratieff’s reputation to be rehabilitated, and his K-Wave theory is once again getting attention from economists who have far less to fear than a rifle barrel for being wrong. Read the rest of this entry »
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