XBRL

Interactive Data

XBRL Consulting

XBRL is an emerging XML-based standard technology focused on improving financial reporting and increasing transparency across financial systems. XBRL stands for eXtensible Business Reporting Language (XBRL). Also known as "Interactive Data", XBRL is a standards-based method with which users can prepare, publish, exchange and analyze financial information.

XBRL is being developed by an international non-profit consortium of approximately 450 major companies, organizations and government agencies. It is an open standard, free of license fees. It is already being applied in a number of countries with implementations of XBRL growing rapidly around the world. For a detailed history of the development of XBRL, visit www.xbrl.org.

The SEC has introduced XBRL as a voluntary filing program (VFP) initiative. The SEC VFP allows companies to submit XBRL versions of their financial information as part of their existing filing process to the SEC. The XBRL documents can be filed as supplement part of the Form 8-K, 6-K, or filed as part of a regular Form 10-Q/10-K filing along with the official HTML documents. Notes to the financial statement and other text-based information (audit opinions, SEC Certification, management report) are currently OPTIONAL. The SEC has indicated that an eventual mandate is likely to happen and has created incentives to encourage companies to adopt XBRL and file on EDGAR.

EDGARfilings is committed to staying on the leading edge of this emerging technology and is an active member of the international XBRL consortium. We are dedicated to the development and propagation of XBRL as a standard computer language for reporting, managing and communicating published financial statements. We have been an active participant in discussions with the SEC on preparing the EDGAR filing system for the XBRL voluntary filing program.

Voluntary Filing Program | XBRL Consulting

The new consulting services, provided by EDGARfilings is an accomplished team of XBRL specialists who can help guide you through all the steps needed to tag, map and generate instance XBRL documents for filing with the SEC. Companies who are looking to participate in the SEC VFP will need first-rate advice about XBRL reporting. If you are interested in participating in the SEC VFP program, we can help.

Understand the benefits of tagged data and its potential for improving the timeliness, accuracy and analysis of financial disclosure.
Introduction and overview of XBRL and the SEC XBRL Voluntary Filing Program (VFP) requirements.
Guidance on tagging and mapping financial content.

Benefits

Raise your corporate profile by filings XBRL with the SEC.
Build investor confidence.
Generate enthusiasm among analysts.
Work towards streaming the external filing process.

Informational links on XBRL

XBRL US

XBRL International

International Accounting Standards Committee Foundation | Fundamentals of XBRL

SEC | Interactive Data and XBRL Initiatives

SEC | XBRL Data Submitted in the XBRL Voluntary Program on EDGAR