Wednesday, September 25, 2013

The State of XBRL: Europe



Following up on "The State of XBRL - United States", we will continue by examining how the specification has been utilized in Europe. Whereas XBRL usage in the United States and Asia has found its niche mainly in capital markets, European stakeholders have applied the reporting language more broadly, in an assortment of inter-government and cross-border usage. There are currently more than 55 active XBRL identified projects in nineteen European countries according to xbrl.org.

Wednesday, September 18, 2013

Accounting for the Calculation Conundrum

by: Paul C. Bevins, Account Executive

“Few individuals in the XBRL community would disagree that calculations are one of the more confusing and frustrating aspects of the specification. In theory, calculations should be fairly straightforward. All the numbers on the financial statements should add up to the stated totals, but as we know the devil is in the details. Hopefully we can shed some light on those details by reviewing not only the basics of creating calculations, but also certain scenarios that are either tricky or downright impossible given the current limitations of the specification.”

Wednesday, September 4, 2013

Uncovering Anomalies: 9W Search and Amazon

CompSci Resources, LLC

Marc Strausberg, CIO and co-founder of the analytics tool 9W Search, recently wrote an interesting blog about Amazon’s recording of Research and Development Expense. It was interesting because Amazon recorded a value of zero for us-gaap:ResearchAndDevelopmentExpense. Instead, they used an extension concept amzn:TechnologyAndContentExpense which appears to have a similar business meaning to R&D: