With the SEC’s proposed mandate, which would require publicly traded companies in the U.S. to adopt XBRL for their financial reporting, looming, we are hosting a panel of XBRL experts today for a free webinar called “Understanding XBRL and the SEC’s Proposed Rule.” The live webinar will begin at 1 p.m. EST at BusinessWire.com.
XBRL-formatted documents are made to be easily searched for online, downloaded into spreadsheets, reorganized in databases and easily compared and analyzed. Notably, despite the fact that, under the SEC’s proposed mandate, Fortune 500 companies would be expected to adopt the format as early as next spring, most companies have yet to convert. A September study by Grant Thornton found that, while more than half of CFOs surveyed were familiar with XBRL, just two percent were actually using the format in their company’s financial filings.
Business Wire, a longstanding member of the XBRL International Consortium and provider of XBRL services, will lead the following distinguished panelists in a discussion on what XBRL is, why this technology is reshaping public company reporting, who within your organization should be preparing for it, and how the investment community will consume financial data in this format:
- Michelle Savage, Vice President, Communication, XBRL U.S.
- David Blaszkowsky, Director, Office of Interactive Disclosure, U.S. SEC, and
- Phillip Gaudreau, Manager, Accounting Projects, Comcast Corporation.
Registration is required for this free XBRL webinar:
“Understanding XBRL and the SEC’s Proposed Rule”
Thursday, November 20 beginning at 1 p.m. EST
Register today at www.BusinessWire.com/cnn/XBRL