As the public companies begin to comply with the Securities and Exchange Commission's mandate to use eXtensible Business Reporting Language tagging in their financial filings, XBRL U.S. is preparing for its yearly conference.
The non-profit consortium, which is focused on promoting the XML-based standard, says the focus of this year's conference, to be held in New York City in November, is improving the dialogue between companies and investors through XBRL tagging. Speakers will include General Electric's VP and controller, Jamie S. Miller, and Donald F. Donahue, Chairman and CEO of the Depository Trust & Clearing Corporation (DTCC).
The conference will feature training sessions on creating XBRL-formatted financial statements and properly mapping to elements of U.S. Generally Acceptable Accounting Principles, as well as discussion of future uses for XBRL.
Similarly, the international XBRL consortium -- XBRL International -- is hosting its conference in Paris this week. Among the speakers and sessions, JustSystems revealed its xfy XBRL Report. According to company information, the solution allows users "to work with and create compliant content and to leverage the XBRL standard without adding new costs, risks and complexity. Users can readily combine multiple sources of XBRL content into...web-ready documents for easy distribution."
Though it seems I've read and written about XBRL a lot lately, something tells me this is just the beginning. Stay tuned.