RECENT POSTS
Tuesday, June 11, 2019
Not Much Fizz in LaCroix Right Now

Wednesday, May 29, 2019
An Example of Calcbench, Excel, and Insight

Monday, May 20, 2019
Research Paper: Capex Spending

Thursday, May 16, 2019
Psst: Got Any Weed?

Wednesday, May 15, 2019
Open Letter: SEC Proposed Rule for BDCs

Friday, May 10, 2019
General Motors and Workhorse

Monday, May 6, 2019
How to Find Earnings Release Data

Tuesday, April 23, 2019
Following Restructuring Costs Over Time

Monday, April 22, 2019
Capex Spending: More Than You Might Think

Saturday, April 13, 2019
When AWS Takes Over the World

Thursday, April 11, 2019
Data Trends in Focus: Restructuring Costs

Sunday, April 7, 2019
How One Customer Crushed It With Calcbench

Thursday, April 4, 2019
TJX Shows Complexity of Leasing Costs Reporting

Tuesday, April 2, 2019
CEO Pay Ratios: Some 2018 Thoughts

Wednesday, March 27, 2019
Corporate Spending: Where It Goes, 2017 vs. 2018

Monday, March 25, 2019
Health Insurers: A Bit Winded?

Friday, March 22, 2019
Our New Master Class Video

Thursday, March 21, 2019
Tech Data’s Goodwill Adjustment

Tuesday, March 19, 2019
There’s Taxes, and There’s Taxes

Saturday, March 16, 2019
Adventures in Tax Cuts and Net Income

Archive  |  Search:

Europe’s top regulator for financial filings just announced that starting in 2020, filers there will need to make those submissions using Inline XBRL technology.

Yes, the effective date is four years away, and it won’t have much effect on Calcbench subscribers even when 2020 does roll around. Still, it’s proof that XBRL technology—the data language used to simplify the presentation of financial statements—continues its march forward into the financial reporting world.

The agency, the European Securities and Markets Authority, said the rule will apply to companies that file financial statements according to International Financial Reporting Standards, and those filings must use the IFRS filing taxonomy to match accounting line-items to specific XBRL tags.

U.S. filers already file financial statements tagged according to U.S. Generally Accepted Accounting Principles. Last summer the Securities and Exchange Commission announced a voluntary program to let U.S. filers submit financial filings using Inline XBRL technology. That program expires in 2020, although one can presume that if the program goes well, Inline XBRL might become the filing technology of choice here in the United States, too.

Most Calcbench users don’t need to care much about Inline XBRL. It’s a behind-the-scenes technology that we use here, to improve the functionality of our databases and how the data you want to find gets presented on your screen. Those of you directly involved in preparing and filing corporate financial statements might want to keep one eye on Inline XBRL. The rest of you—Calcbench has you covered.

You can read a short FAQs post about Inline XBRL we ran last summer, if you like. We also had a follow-up post on observations from the first Inline XBRL filing made in the United States, from Lennar Corp.


FREE Calcbench Premium
Two Week Trial

Research Financial & Accounting Data Like Never Before. More features and try our Excel add-in. Sign up now to try the Premium Suite.