Wednesday, December 11, 2013

SpendSmartCard - Roll Forward Anomaly in Cash Flow Statement

Today, XBRL Cloud has a new beta release.  XBRL Cloud is proud to announce a beta test of our first generation of filing-specific business rules.  What is truly unique about these business rules is that the rules are generated based on individual filings.  For example, XBRL Cloud can locate the Roll Forward in your Cash Flow statement, and create a rule that is only relevant in your filing!  Note that it is impossible to use XBRL Calculations for Roll Forwards, so there has been no way to automatically validate these calculations--until now.

The beta release has the following new features:
  • Auto-generated business rules for Roll Forwards.  To be clear, we use the term Roll Forward to mean "begin + change(s) = end", such as you might see in Cash Flow Statement.
  • Suggested fixes for anomalous Roll Forwards.  Suggested fixes include inverting labels or numbers, noting missing calculations, and more.
  • Icons and colorization to quickly identify problem areas (Roll Forwards and other verification errors and tasks).
  • Substantial validation performance enhancements.
We recommend that you view this video that shows how to research a Roll Forward anomaly in SpendSmartCard's 2012 10-K filing.
XBRL Customers can switch between production and beta releases until early January 2014.

Tuesday, April 30, 2013

EDGAR Report Information Web Service

XBRL Cloud has just launched the EDGAR Report Information Web Service.  This Web Service provides:
  1. The ability to search and filter SEC Registrants and the related filings.
  2. The ability search and filter by accounting topic.
  3. Easy access to related Renderings, Model Structure, and Fact tables.
All of this is available online immediately with a free 30-day trial.

Try it out!

Thursday, March 14, 2013

Risk/Return Filings are now on the EDGAR Dashboard

We are pleased to announce a new tab on the EDGAR Dashboard for Risk/Return filings.

Generally speaking, the Risk/Return filings must follow the Risk/Return Architecture, which is a basically a superset of the U S GAAP Architecture rules.  At this point in time, it appears that many filers and agents do not have consistent presentation and definition linkbases.  In fact, the presentation linkbases are all over the board in terms if, where, and how tables (hypercubes) are defined.

Have fun looking at the new Risk/Return filings!

Thursday, February 7, 2013

There is a new EDGAR Dashboard in town!

There is a new EDGAR Dashboard in town!  Come check us out!

The key new features are:
  1. The dashboard shows counts of validation based on new Business Rule Sets, especially domain level rules.  These domain rules are U S GAAP rules which apply to virtually all 10-Ks and 10-Qs.  Here are a few sample rules:
    • Balance sheets report assets
    • Balance sheets report liabilities and equity
    • Balance sheets balance
    • Balance sheets report equity
    • Income statements report net income (loss)
    • Cash flow statements report net cash flow
  2. Links to the extremely comprehensive Evidence Package (See the sample Reference Implementation).
  3. A brand new viewer that mirrors the Evidence Package.  The best part is that anyone can "deep link"; here is a link to Apple's "Total Assets" on December 29, 2012.