They can inform them about the extent to which their personal and financial information
will become public--and let them know that they must meet all the disclosure requirements of the bankruptcy statutes.
The added costs from having to use this complex hodgepodge of financial information
can run in the tens of millions of dollars annually.
Related financial information
within a company's financial reports can be easily acquired and integrated, and financial performance more effectively communicated to analysts and investors, as well as compared with others in the industry.
Improved internal flows of financial information
can benefit strategic budget planning; make it easier to monitor monthly and quarterly financial documents; and speed the process of developing financial statements for internal and external use.
An electronic language is being developed that promises to make it easier for analysts and investors to get financial information
about publicly traded insurance companies.
Provides key financial information
of the company, sales and product ratio, revenue and income trend, stock performances for the most recently ended quarter, financial year across businesses, and product/service categories.
A compilation of pro forma financial information
is limited to presenting financial information
that is the representation of management (owners) without undertaking to express any assurance on that information.
Horowitz explains, "It's an eXtensible Markup Language (XML)-based standard that permits the automatic exchange and reliable extraction of financial information
across all software formats and technologies.
An XBRL Instance Document provides financial information
in a machine-readable format.
RESOLVED: That the AICPA accounting and review services committee is hereby designated to promulgate standards under rules 201 and 202 with respect to unaudited financial statements or other unaudited financial information
of an entity is not required to file financial statements with a regulatory agency in connection with the sale or trading of its securities in a public market.
In a recent interview, Berkley elaborated on the benefits of XBRL for both its listed companies and investors, such as how XBRL will provide equal access of financial information
to more people.
Studies by the FEI Research Foundation examine a solution -- eXtensible Business Reporting Language (XBRL) -- and explain how financial executives can effectively address the need for financial transparency and create a level playing field for anyone to obtain financial information