Tuesday, April 29, 2014

DATA Act, Part 4: Unanimous House passage

by: Cindy MacPherson, Analyst;

Yesterday, the Digital Accountability and Transparency Act (DATA Act) was unanimously passed in the first vote of the U.S. House of Representatives’ 2014 Spring Session. This follows unanimous passage by the Senate earlier this month, and now the landmark legislation is on its way to President Barack Obama.

According to E Pluribus Unum, “an administration official at the White House Office of Management and Budget confirmed that [the President] will sign the bill into law.” This is expected, as the mandate this legislation puts into law is consistent with the Administration’s Open Government Policy. You can read more from Alexander Howard’s article here.

Wednesday, April 23, 2014

Rank and Filed | SEC Filings for Humans

by: Paul C. Bevins, Account Executive

The new website Rank and Filed was published a few weeks ago by Maris Jensen. This site was built to make the U.S. Securities and Exchange Commission’s (SEC) EDGAR data usable “for humans”. The website aggregates all twenty-five million documents that are publicly available on the EDGAR database.

Rank and Filed currently “collects, links and presents data from different SEC filings” and makes it easy to access and understand. As such, it illustrates that eXtensible Business Reporting Language (XBRL) data can be presented in a way that is understandable to the average person.

Thursday, April 10, 2014

DATA Act, Part 3: Senate passage update

by: Cindy MacPherson, Analyst;
This afternoon, a significant stride towards data transparency was made when the U.S. Senate voted unanimously to approve S.994, more commonly known as the Digital Accountability and Transparency Act (DATA Act). This bill would require all federal government agencies to report and publish their financials using a common data format on USASpending.gov. By making all spending information readily available to taxpayers anywhere, at any time, and in one location, those agencies would realize a new and higher level of accountability for their use or misuse of appropriated funds.

Tuesday, April 1, 2014

Top 10 Other Industries (Bonus Round)

CompSci Resources, LLC

We recently published a series on the Top 10 industries that XBRL could impact. We thought that we would throw-in a bonus idea for you to consider:

XBRL-Gclef

CompSci software engineers propose revolutionizing the music industry with XBRL-Gclef, an innovative taxonomy for music notation. Having undergone years of development, standard features include using durations to specify the exact moment in time that a note should occur, and note lengths that can last years.