Reporting Standard XBRL software

We are disclosing esef RTS – Q&A in order to provide the key points to report in European Union starting from 2020. If you are a company interested in make business in the EU you must know about esef

The answer is very simple. XBRL was first conceived by an Auditor (Charlie Hoffman CPA) and pushed in the first years by AICPA (American Institute of Certified Public Accountants). This is the reason why, since the beginning, the most important auditing firms (the big four) has been involved in the development. XBRL importance can be appreciated by different points of view: From the functional perspective XBRL would allow auditing firms to collect information about their clients using the same technology by using a common standard (XBRL)...

The three European supervisory authorities (EBA, EIOPA and ESMA – ESAs) Joint Committee has updated a second amendment to the implementing technical standards (its) on the mapping of credit assessments...

XBRL International; the consortium of the XBRL standard in the world; has published an exhaustive list of the countries which are using XBRL currently. Learn more about this directory of projects.

The Friday 22th of March, the European Securities and Markets Authority (ESMA) has developed a Regulatory Technical Standard (RTS) draft setting the electronic reporting format where issuers will prepare their annual financial reports (AFRs) from 1 January 2020. This time, ESMA has update the ESEF Taxonomy Draft in all EU languages; and we, from Reporting Standard, have uploaded the ESEF Illustrated Taxonomy in all EU languages to download for free. ESEF ILLUSTRATED TAXONOMY DRAFT – ALL EU LANGUAGES (https://www...

Last week ESMA upload a tutorial of the esef taxonomy. This tutorial aims to give issuers some keys for the preparation of the Inline XBRL reports following esef requirements in order to report in the UE...

The European Securities and Markets Authority (ESMA) has developed a regulatory technical standard (RTS) draft setting the electronic reporting format where issuers will prepare their annual financial reports (afrs) from 1 January 2020...

Data operational plan under a no-deal Brexit scenario Monday, the 19th of March; ESMA has been published a statement about “its data operational plan under a no-deal Brexit scenario“. This statement contains ESMA´s opinions in relation to the “impact on ESMA´s databases and IT systems of a no-deal Brexit on 29 March 2019”; in ESMA´s words, this statement “complements the previous statement on the use of UK data in ESMA’s databases and performance of MiFID II calculations in case of a no-deal...

XBRL key point The key point for XBRL format is to let workstations to analyze business data in different periods company-by-company; agreeing to achieve this task to a computer; it provides outcomes earlier and more confidence. The world is necessary going to a structured data scenario that will be very beneficial to companies, investors, analyzers and regulators. Business data reports are growing, converting day-by-day more automatic and active; and can be readable in an only compact file. Here, XBRL is the best option to each profile...

Read about all updates from the XBRL Europe Congress in Rome. We have made a quick summary with our impresions and reflections Summary about results of working groups: SBR (standard business reporting), bptf esef (best practice task force – European single electronic format), and more...

Staged by XBRL Europe; the winter session for the XBRL community, will take place in Rome on February next Thrusday 7th and Friday 8th. There will be many working groups and task force Sessions, mainly focused on banking assurance and esef digital financial...

What a Fintech is? For a while now, one of the main investment engines focused on future are Fintech platforms. So, term comes from the association of Finance and Technology. Likewise, Fintech definition covers financial services companies that use technological advances to offer modernized financial products and services. In a few years, Fintech companies will transform the financial sector at a private and business level. Its main activity, then, is the financial technology intermediation for the user requirements (transfers, purchase-sale, loans and so on)...