XBRL Report
XBRL, the eXtensible Business Reporting Language, is an open standards-based reporting system built to accommodate the electronic preparation and exchange of business reports around the world. XBRL started back in 1999 with 12 organizations as the founding members. There are now in excess of 450 organizations worldwide in over 30 countries involved in its development. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data. The idea behind XBRL, eXtensible Business Reporting Language, is simple. Instead of treating financial information as a block of text - as in a standard internet page or a printed document - it provides an identifying tag for each individual item of data. This is computer readable. For example, company net profit has its own unique tag. The introduction of XBRL tags enables automated processing of business information by computer software, cutting out laborious and costly processes of manual re-entry and comparison. Computers can treat XBRL data "intelligently" as they can recognize the information in a XBRL document, select it, analyze it, store it, exchange it with other computers and present it automatically in a variety of ways for users. XBRL greatly increases the speed of handling of financial data, reduces the chance of error and permits automatic checking of information. Companies can use XBRL to save costs and streamline their processes for collecting and reporting financial information. Consumers of financial data, including investors, analysts, financial institutions and regulators, can receive, find, ...
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...ect Overview BARS is Deutsche Banks spreadsheeting tool for world wide capture and sophisticated analysis of customers financial statements. The application offers to Deutsche Banks credit officers access to 200.000 customers and 1.6 million financial statements stored in a central database. In order to facilitate data capture and to further streamline the credit process the application will be equipped with an XBRL-import interface.
Project 5 KOSDAQ XBRL Expansion Project to Company Level Taxonomy
Country Republic of KOREA
Project Status Implemented
Project Overview The objective of the XBRL Expansion Project was to convert corporate information of 30 listed companies to XBRL information for investors and analysts according to the needs of KOSDAQ. As a result of the project, KODAQ is able to provide financial data and non-financial data formatted in XBRL.
The annual report or 10-K of a company is a useful source of information for many agents outside of the corporation. Shareholder’s can view the contents of an annual report to get a more comprehensive idea of what the company is built upon. Additionally, annual reports show a company’s progress over the past financial periods and give a detailed breakdown of company investing and operations. The 10-K and all related documents are easily accessible on a company’s website for the public to view. i
This short report aims to give a brief overview of Deutsche Bank’s alarming situation and describe the sharp decrease of its profitability. It will briefly introduce the context of this crisis and aim to explain it through an analysis of one of the most used indicators of performance for banks, the return on equity (ROE).
On Tuesday, September 26, 2017 at approximately 2:15PM I was exiting the security office for dismissal at HAAS. When I entered the vestibule area I noticed a parent in the main office, who appeared agitated. I entered the office area and I asked if I could assist her, she told me she was meeting with a teacher. I asked her if she had an appointment and who was the teacher, she proceeded to tell me it was with Mr. Greg MAZUREK, and referred to him as a "pedophile." I instructed her to refrain from using that terminology, and she continued by stating, HUDOCK and MEARS, both HAAS Teachers were also pedophiles. Mrs. Marie ERNST, HAAS Assistant Principal, heard the parents' allegations, and we directed the parent and daughter into Mrs. ERNST's office and closed the door to continue the allegations in a confidential manner. I asked the parent her name, she identified herself as Mrs. Tracey LEONARD and her daughter Sydney LEONARD, grade 11. Mrs. LEONARD stated she was here because of a "0" that Sydney received for not completing an assignment. Mrs. ERNST told Mrs. LEONARD she would talk to Mr. MAZUREK regarding the grade and would rectify the concern regarding Sydney's grade.
Joanne uses an accounts receivable subsidiary ledger to see the customers who have bought on credit from Joanne’s Party Supplies. This allows her to keep track of customer payments and concentrate on getting payments from debtors with overdue payments. By having details of the accounts receivable activity in a subsidiary ledger, Joanne is able to better control her business’ financial information. It includes a separate account for each customer who makes credit purchases, and the combined balance of every account in this subsidiary ledger equals the balance of accounts receivable in the general ledger. This is essential to Joanne’s Party Supplies because it provides Joanne quick access to each customer’s balance and account activity. At the end of each
Sage 50. There are three different areas which must be discussed. These are the revenue, expenditure, and financing cycles. These areas are written about from the author's own knowledge from using the software, as learned from the book by Carol Yacht (2013).
Stair, R.M., Reynolds, G.W., Gelinas, J.U. Jr., Sutton, S.G., Hunton, J.E., Albright, S.C., Winston, W.L. & Zappe, C. (2007) Accounting Information Systems and Financial Modelling, Thomson, South Melbourne, Victoria, Australia.
One of the most debatable topics in the accounting industry today is the extent in which we should make the financial statements understandable to the general population. The FASB currently gears its reporting standards toward...
Stair, R. & Reynolds, G. (2003). Fundamentals of Information Systems, Second Edition. [University of Phoenix Custom Edition e-text]. Boston. MA: Course Technology, a division of Thomson Learning, Inc. Retrieved October 1, 2006, from University of Phoenix, Resource, CIS564 ¡V Information Management in Business Course Web site.
The globalization of business has resulted in the need for compatible accounting standards that can be used internationally for financial reporting. As a result, the International Financial Reporting Standards (IFRS) were developed by the International Accounting Standards Board (IASB) to unify the various financial reporting methods and create a single accounting standard which can be applied to any financial statement worldwide (Byatt). The global standardization of financial reporting will increase the readability and enhance comparability of globally traded companies’ financial statements, without the need of conversion or translation. There are a few main differences between the International Financial Reporting Standards (IFRS) and the U.S. Generally Accepted Accounting Principles (U.S GAAP). The increasing recognition and acceptance of the International Financial Reporting Standards by accounting professionals in the United States, will affect the way in which the U.S will record financial statements in the future.
As global markets today's financial market increase in complexity, the tradition of learning by doing will not suffice. The financial manager today must hit the ground running with ready expertise to be used effectively as the CFO or as part of a team of financial experts within the ranks of the CFO's office. In navigating the international marketplace effectively, financial managers find themselves in a technology driven, real time information deluge which helps them to satiate the knowledge demands of investors, commercial and investment bankers, shareholders, employees, brokers, traders et al who must know particular companies, their products and the markets wherein they operate.
You will create a recommendation for each bank. The recommendation will be written in two columns. The first column contains the computation while the other column will suggest a reason why Sta. Cruz Family will choose one among the following banks: DBP, Bank of Commerce and
These accounting information are so much important for the business owner or financial statements reader to analyze the company and make the economics decision.
Today, there is a range of computerised systems in the market that business can use to keep track of their finances; few of the most recognised for their performance are Sage, Microsoft Dynamics, Oracle, QuickBooks, SA...
The success of a company is very dependent upon its financial accounting. In accounting there are numerous Regulatory bodies that govern the accounting world. These companies are extremely important to a company because they set the standards when it comes to the language and decision making of a company. These regulatory bodies can be structured as agencies, associations, commissions, and boards. Without companies like the Security and Exchange Commission (SEC), The Financial Accounting Standards Board (FASB), the Governmental Accounting Standards Board (GASB), Internal Accounting Standards Board (IASB), Internal Revenue Service (IRS), and other regulatory bodies a company could not make well informed decisions. In this paper the author will look at only four of them.
The main function of AIS is to provide information derived from the financial transactions. The daily paper record, receipts and invoice, the electronic copies, any kinds of documents could be the source of the financial transaction. The piecemeal data is hard to trace and follow. The traditional accounting information system solves this problem. It collects the information, sorting and processing, making a record and then providing it to the users who are interested in it. However, with the development of technology, the function is being improved. Under the network environment, the accounting information system trends to base on internet to realize the financial information processed electronically and automatically. The emerging functions, such as cloud computing, shadow data, giving convenience to the users via mobile devices. The non-network AIS is no longer meeting the new requirements. In current business world, innovations and improvements are needed to satisfy the varieties requests of customers under the context of multi-cultural. Companies and organizations hope to use information to help planning and solving problems. In the pwc report, the new accounting information system needs efficiency, speed, and real time information to meet the definition of excellence. Given that this is an information era. These factors need the cooperation between IT and Accounting. The system creator according to the