“xbrl in government and industry” the sec voluntary filing program a cfo’s perspective greg...
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EDGAR Online’s Sample Form 8-KTRANSCRIPT
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“XBRL in Government and Industry”The SEC Voluntary Filing Program
A CFO’s PerspectiveA CFO’s Perspective
Greg Adams, CFO & COOGreg Adams, CFO & COOEDGAR Online, Inc.
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Financial Executives
Have a critical responsibility to communicate operational results to stakeholders
Are facing a growing demand for efficient delivery in an interactive medium
Need better tools for faster decision making
Want their internal control environment enhanced through less retyping, more system integration, etc.
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EDGAR Online’s Sample Form 8-K
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EDGAR Online’s Sample Form 8-K
edgr-20050228.xsdedgr-2005028_cal.xmledgr-2005028_lab.xmledgr-2005028_pre.xmlEDGR_2004_10K.xml
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XBRL: A Technology StandardXBRL is a business reporting
standard that ultimately boils
down to a globally agreed-upon standard
using XML for its core technology.
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Capitalizing on XBRL through Enhanced Analysis
I·Metrix solutions provide users with the most timely fundamental and supplementary data, analytical templates and toolsets at a substantially lower price point than our competitors.
The new I·Metrix family of products provides XBRL data and solutions today
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XBRL and Excel
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Immediate Verification
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Benefits of XBRL for Preparers Lower cost of producing information Tell your own story (precise & clear) Expanded communication “reach” More timely, accurate, data for decisions Enhanced analytical capabilities Better control environment – extension of
SOX 404 Accelerated adoption of reporting model
changes
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I·Metrix also includes standard and customizable templates
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Integration of XBRL Data with Dashboard and Business Intelligence Platforms
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Conclusions XBRL provides an immediate ROI for benchmarking Financial executives can meet their critical
responsibility to communicate operational results to stakeholders
Growing demand for efficient delivery in an interactive medium
Tools and services are available today to facilitate Preparation of Financial Statements Analysis Benchmarking
XBRL is an extension of SOX 404 requirements
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Thank You!
Greg Adams, CFO & COOGreg Adams, CFO & COOEDGAR Online, Inc.