As any other software developer the protection of our intellectual property is a major concern. However, we also understand that our clients who make software integration want to have some assurance about the financial investment involved in purchasing software. Like any other investment, software assets, must be protected.
We started the year by publishing a new version of the Standard Reporting XBRL tools. This new version incorporates exciting new features with the aim of improving user experience.
XBRL International has granted XBRL Turkey the Jurisdiction status. This new jurisdiction is a “joint venture” of key public and private organisations. Soon this jurisdiction will spearhead the implementation of XBRL for digital business reporting in the country.
Additionally this jurisdiction have comprised to key stakeholders from the regulatory, academic and business communities. These stakeholders includes the Ministry of Finance and the Central Bank of Turkey. Then we can say that, the establishment of a Jurisdiction in Turkey represents the first step in an ambitious effort to utilise XBRL in this country for a wide range of corporate and regulatory reporting.
Last Monday November 18th, 2013 took place at the headquarters of the Bank of Spain an event organized by the Association XBRL Spain. The subject of debate of this event was XBRL and standards in Europe. The event was attended by members of the institution, as well as representatives of banks and other institutions interested in the standard. Reporting Estándar had also representation on the act with the presence of its CTO Ignacio Hernández-Ros.
El pasado lunes 18 de Noviembre de 2013 tuvo lugar en la sede del Banco de España un acto organizado por la Asociación XBRL España cuyo tema de debate fue XBRL y estándares en Europa. Al acto acudieron socios de la Organización, así como representantes de entidades bancarias y otras instituciones interesadas en el estándar.
Version 3.5.1 January 2020 NEW FEATURES API Tool-tips converted to html during iXBRL process export process. New option for the IXBRL processor: Allows to define the policy to handle duplicate text nodes as part of the fact value. Now it is possible to either consider the value every time it is referenced or use the … Read more
XBRL – R&D More than 70% of Reporting Standard business activity is committed to R&D, Research and Development in connection to XBRL standard. Our contributions to the XBRL standard knowledge. As a result of this research, specifications that complement the range of possibilities of the XBRL standard were produced. For example: Dimensions specifications Nowadays is … Read more
Now it is possible to access to vast XBRL data directly from Excel spreadsheets. In order to do that all you need to do is to install latest version of Reporting Standard S.L. software. Access to the downloads page. Then, setup the database using XBRLizer and start storing XBRL reports. The tool allows you to store all reports published to the US-SEC automatically into a relational database.
It is a fact that regulators like Central Banks and Stock Exchange supervisors are rapidly implementing XBRL all over the world. In the surface, this is just changing the format of a document and it would not be so important if only a small number of regulators were doing the same. The importance of this movement comes once companies realize that there is a standard for exchanging reports and that is is the same standard all over the world. This is, in fact, reducing the cost of being global.
XBRL is now the standard for transmission of financial information between the most important regulators in the financial market and banking supervision institutions. XBRL simplifies the processes of collecting information and processing it due to the reason every little piece of data is tagged for the data transmission and each concept used is documented in the taxonomy. The data can be validated on the receivers side and on the senders side. On the other side, XBRL is a royalty free standard that allows regulators to be isolated from the information systems on the data preparers side.
Reporting Estándar
XBRL International member
Member of the Spanish Association of Business Accounting and Administration
XBRL Europe member
