Information gathered and maintained by the US Federal Government is a national asset. We applaud and agree the best thing President Obama has done this month is sign an executive order that sends a clear statement from the top that open and machine-readable data should be the default for government information.
Unleashing “Open Data” in formats that are easy to use, while rigorously protecting privacy—has been a priority for the Obama Administration. In recent years, the Administration’s Open Data Initiatives have helped make thousands of government data resources available in all fields including health and medicine, education, energy, public safety, and finance in machine-readable formats through Data.gov.
A Sea Change for Investors
Wall Street Week (WSW) is an investment news and information TV program that is broadcast weekly each Friday on Public Broadcasting Service (PBS) in the United States. In a recent Wall Street Week interview with Campbell Pryde, CEO of XBRL US, he shared how investors can take advantage of XBRL data today.
“Who has the cash?”
This was one of the questions asked by correspondent, Al Berkeley. Campbell reminded us how companies stock pile cash in this day and age, and proceeded to show detailed views of which industries have the most cash by using XBRL. He highlighted pharmaceutical companies and their continual quests to buy new startups and buffer contingencies. Campbell pointed out these trends using a free tool made available by XBRL US. The coverage is worth a look:
Click HERE for the interview.
“An investment in knowledge pays the best interest.”
- Ben Franklin
Leave it to Ben Franklin to combine a quote about education and finance. To extrapolate (and editorialize) a bit further, investing in your financial reporting knowledge is an extremely good idea.
At Rivet, we’re all about education and were all about choices. We also believe in making CPE education convenient, which means we hit the road on a regular basis to get out among the CPA masses and we also love playing host to our clients, prospects, and fellow CPAs here in Colorful Colorado. So, whether it’s our Regional CPE Events (4 Free CPE credits) or our CPE Webinars (1 Free CPE credit) or our 5-day Crossfire Boot Camp (40 CPE credits) or our 3-day Boot Camp (24 CPE credits), we’ve got it covered.
Now is the time to give your clients what they need
After recently spending a day with a group of extremely knowledgeable CPA partners in various practice groups it was clear that XBRL is well-known. It’s also clear that CPAs not actively working with XBRL are in a “wait and see” mode. From both the creation and consumption sides of the XBRL SEC filing mandate there still seems to be a question about the most effective way to incorporate XBRL into their client’s daily financial reporting lives. However, there’s no doubt that incorporating XBRL into their accounting repertoires is a must-do in today’s financial reporting world.
Two Colorado companies work together to improve SEC filing process
Crocs, a world leader in innovative casual footwear teamed up with Rivet to improve Croc’s interactive financial reporting management process. Colorado is the perfect backdrop for all things user-friendly with its casual, healthy, and innovative vibe. It’s no wonder the world’s most user-friendly footwear and the world’s most user-friendly, web-delivered interactive financial management platform have teamed up.
Interactive Financial Management: Beyond the Last Mile of Financial Reporting
4 CPE credits and a free lunch
Learn how to better manage internal and external financial data using Interactive Financial Management. Go beyond the Last Mile of SEC Compliance and effectively tell the next chapter of your financial story to the investment community with impactful data. Discover how to take full advantage of XBRL data for better financial forecasting. Make data work for you, not the other way around.
“If I were an analyst with the strategic advantage of XBRL, do you think I would tell you?”
The 6th University of Kansas International Conference on XBRL was technical and full of industry analysis. Students and professors presented papers on their research and views – shedding light on the XBRL industry. This was balanced by case studies and informative panels filled with practitioners involved with XBRL.
I just wrapped up the delivery of a Rivet Webinar with Campbell Pryde, CEO of XBRL US, the webinar was called – Make Your Data Matter: 3 Ways To Instantly Validate Your XBRL. We covered prevention and validation methods for XBRL Specification requirements, EDGAR Filer Manual Rules and validation logic based on US-GAAP.
is here ! ! !
Rivet recently released Crossfire 5.5, the latest version of the XBRL reporting software platform. Crossfire 5.5 brings with it several new features including filing bundle creation, XBRL taxonomy and instance document comparison, validation through XBRL.US Consistency Suite and 2013 taxonomy conversion.