What are Examples of iXBRL Tags, and How Can I Find Them in my Filings?

By | 08/10/2023 | 9:23 am ET

Interactive eXtensible Business Reporting Language (iXBRL) is a format that has revolutionized financial reporting and analysis. iXBRL tags, integral to this format, are responsible for rendering financial data machine-readable, providing context for values in financial statements and making interactive data a reality. Interactive XBRL has become particularly essential for companies making SEC filings, as these tags aid in regulatory compliance and ensure seamless data interpretation. This article dives deep into…

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Importance and Benefits of GAAP Taxonomy

By | 02/13/2016 | 10:10 pm ET

The GAAP (Generally Accepted Accounting Principles) taxonomy yearly update was recently released, and the SEC is strongly promoting the usage of this recent release. The taxonomy is essentially a combination of both financial and business reporting terms, that has been generally agreed upon. The Taxonomy combined with the required reporting creates XBRL data. The 2016 update like its predecessors is still focused on stability, however the main focus shifted to…

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