On March 1, 2017 the U.S. SEC accepted the IFRS taxonomy for XBRL filing. All U.S. foreign filers following IFRS and filing 20-F/ 40-F with the SEC in Edgar format will now also need to file in XBRL. Are You Ready?
The US Securities and Exchange Commission (SEC) is paying a lot of attention to data quality in company filings. The use of incorrect signs is one of the most common mistakes in many filings and can be taken care of by understanding how to use the weight attribute within XBRL. Read on to understand what is this all about and why you should be paying close attention as a filer.
Though XBRL has in-built rules to validate data at source, there are some data inconsistencies that still pass the validation rules yet provide incorrect data. Read here to know how these can be tackled by having multiple rules and checks.
A guide for those who have decided to prepare their SEC filing in inline XBRL format, this document introduces SEC filers to the SEC's inline XBRL viewer. It also details the need to transform inline xbrl to xbrl and to validate the inline xbrl document. Read to know more.
By M K
With the current spurt in ecommerce, many companies use share-based compensation to attract and retain quality talent. However, with a slip in valuation, the market may negatively discount the high share-based compensation. Should share-based compensation be treated as a cash expense?