Tuesday, January 8, 2019
A Look at Climate Change Disclosures

Wednesday, January 2, 2019
Quants: Point-in-Time Data for Backtesting

Friday, December 28, 2018
Now Showing: Controls & Procedures

Thursday, December 27, 2018
A Reminder on Non-GAAP Reporting Rules

Monday, December 17, 2018
Researching PG&E’s Wildfire Risk

Wednesday, December 12, 2018
Tracking Brexit Disclosures

Thursday, December 6, 2018
Campbell Soup: Looking Behind the Label

Sunday, December 2, 2018
SEC Comment Letters: The Amazon Example

Wednesday, November 28, 2018
Measuring Big Pharma’s Chemical Dependency

Monday, November 26, 2018
Analysts, Can You Relate? A True Story

Monday, November 19, 2018
Digging Up Historical Trend Data: Quest Example

Sunday, November 11, 2018
Cost of Revenue, SG&A: Q3 Update

Monday, November 5, 2018
Lease Accounting: FedEx vs. UPS

Saturday, November 3, 2018
New Email Alerting Powers

Wednesday, October 31, 2018
PTC and Two Tales of Revenue

Tuesday, October 30, 2018
10-K/Q Section Text Change Detection

Sunday, October 28, 2018
Finding Purchase Price Allocation

Sunday, October 21, 2018
Charting Netflix Growth in Three Ways

Wednesday, October 17, 2018
Interesting Data on Interest Income

Thursday, October 11, 2018
The Decline of Sears in Three Charts

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Another Use Case for Calcbench
Monday, May 1, 2017

We love hearing from subscribers telling us how they use Calcbench. We received one email the other day that offered a detailed glimpse into just how you can use Calcbench data to improve your financial reporting processes, so we wanted to pass it along.

Obviously we won’t identify the company in question. Suffice to say this filer was trying to implement ASU 2016-18, “Restricted Cash”—an update to accounting standards about how a company should report its Statement of Cash Flows. The new language requires companies to report any restricted cash or cash equivalents in the cash balances they report on the Statement.

One tricky part: the ASU doesn’t define what “restricted cash” or “restricted cash equivalents” actually are—which means those filers trying to implement the standard will want to see how other folks are doing it.

Enter Calcbench, and our database analytics superpowers. Our anonymous subscriber picks up the story from here…

We needed to see how other companies (who also early adopted) presented restricted cash.

I brought my reporting team in my office, logged into Calcbench—and within five minutes, we found filers, the tags used, and how they presented it in their financials. Armed with the examples, our controller bought into our recommendation, and our auditors quickly followed suit.

In the past, they would have spent a few hours hunting and pecking trying to find examples. Using your tool got us past this sticking point, enabling us to hit our filing deadline.

You know I am already on your bandwagon, but I wanted to share another real-life example where your tool crushed it.

The crucial part of this tale is that without Calcbench, this subscriber’s auditors would have spent several hours picking over data points manually—auditors each billing out at several hundred dollars per hour, for several hours. That’s several thousand dollars of expense, for one item. Calcbench cut the time down to a few minutes, and our subscriber more than paid for the cost of his Calcbench subscription right there.

So thank you, Calcbench subscriber. We only exist to help our customers improve their financial reporting processes or their financial analysis skills, and appreciate you sharing the story.

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