Integrating XBRL Analysis and Tagging Software

By on August 25, 2011 in Business

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.

Read the full article “Integrating XBRL Analysis and Tagging Software.”

 

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.

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  • Kari

    Great article! It sounds like the meeting went well.

  • April

    This is a great article. I’m glad to see the integration of XBRL into accounting courses. Changes are always useful and I’m ready to see what the future holds for XBRL. 

    • http://cps.regis.edu/ CPS Admin

      Thanks April for your positive feedback. It’s important to us to receive responses such as yours to the articles we provide. Best to you.

  • Stanley

    It is pretty exciting to see just how far XBRL has come. I appreciate your efforts in showing the power of XBRL for accountants and how beneficial it will be for us. 

    • http://cps.regis.edu/ CPS Admin

      Thank you for your feedback Stanley. Glad you enjoyed the article!

  • German

    I took the XBRL class at Regis, and it provided a great foundation for understanding XBRL. I was lucky to find a job with a company in the DTC area that will allow me to apply these skills. Mr. Zapapas was a great resource, and provided some feedback before I accepted this new position.

    • http://cps.regis.edu/ CPS Admin

      Thanks so much for taking the time to post your experiences with Regis, the class, and your new-found career opportunity. Best of luck in your endeavors! – K.O.