Kris Brands, Assistant Professor of Accounting in the College for Professional Studies at Regis University, was invited by Rivet Software to be a guest blogger, discussing Rivet’s participation at the American Accounting Association’s Annual Meeting. This is an excerpt of Kris’s post, by permission of Rivet Software.
The American Accounting Association (AAA) held its annual meeting [August 6 - 10] in Denver. The meeting was attended by almost three thousand accounting professors and accounting professionals with an interest in accounting academics. The conference serves as a premier forum to share information and ideas for accounting higher education. Rivet and I participated in two programs that were very well received.
The first program was held during the Conference on Teaching and Learning in Accounting (CTLA) cutting edge technology program track: How to Integrate XBRL Analysis and Tagging Software in Accounting Courses. The session covered XBRL’s short history, the SEC Reporting Mandate, XBRL corporate applications, and showed how Rivet’s software, particularly CrossView, can be used in accounting courses.
Most of the audience had a limited understanding of XBRL until the “Ah-Hah” moment about the power of XBRL swept over the audience. It was like the wave at a Denver football game as the professors realized XBRL’s potential in the accounting curriculum.
Rivet’s Raul Varela and Jeff Burns presented a hands-on demo of CrossView Preview, Rivet’s interactive data viewer, which allows you to interact with XBRL filings and also view information exactly as the SEC sees it. This tool is ideal for downloading financial information from SEC filings for financial analysis. A Crossfire Software demo was also shown to explain how easy it is to tag data for the SEC mandate and to perform financial ratio and business analytics for internal financial reporting analysis.
Kristine Brands has extensive work experience in finance, accounting, controllership, auditing, software engineering, and financial systems design and implementation. Holding both CPA and CMA certificates, Kristine is heavily involved in the research and policy areas of performance measurement, International Financial Reporting Standards, and XBRL and interactive data. Speaks at national accounting conferences on accounting issues and serves on the Institute of Management Accountant’s XBRL Standing Committee.