tag:blogger.com,1999:blog-9004054568791616577.post4516481797804261922..comments2024-03-15T15:43:44.292+01:00Comments on Random Comments: Lasagna, or where are all the XBRL Experts (II)?Daniel Robertshttp://www.blogger.com/profile/01018311656329333870noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-9004054568791616577.post-9425819691924531782011-03-16T21:09:48.842+01:002011-03-16T21:09:48.842+01:00Clemrick,
There are a number of ways to participa...Clemrick,<br /><br />There are a number of ways to participate in the XBRL world, and to learn about XBRL. Certainly there are the "free" webcasts from vendors - that will give you background based on what they think it is important for you to know - to pick them. But there are other venues also. XBRL International's website is a start (www.xbrl.org), and sites like our attempt to provide introductory information (www.raas-xbrl.com).<br /><br />There are a number of LinkedIn groups.<br /><br />Frankly, most of what happens at the conferences you can learn from sources online and already available. Send me an e-mail and I'll see what I can find for you. At least one of the conferences has almost the entire main stage online for you to watch from the comfort of your own PC.<br /><br />Cheers,<br />Dan<br />daniel.roberts@raas-xbrl.comDaniel Robertshttps://www.blogger.com/profile/01018311656329333870noreply@blogger.comtag:blogger.com,1999:blog-9004054568791616577.post-19502400567178138632011-03-11T19:27:39.140+01:002011-03-11T19:27:39.140+01:00I would love to attend an XBRL conference, but I j...I would love to attend an XBRL conference, but I just don't have the money for the conference, never mind the hotel and travel costs. Other comments have been made about how small software development companies don't have the resources to develop software, that would seem to point to individual developers like myself who have ideas and work on our own until we can sell something and make money and expand. We're out there, just no way to participate in the "bigger picture."clemrickhttps://www.blogger.com/profile/01681980433507860248noreply@blogger.comtag:blogger.com,1999:blog-9004054568791616577.post-40025973075787483312011-02-22T21:33:51.755+01:002011-02-22T21:33:51.755+01:00SEC should commit more financial resources in supp...SEC should commit more financial resources in supporting XBRL-related R&D or start-ups in the form of grants. A few years ago some were worrying about that the free XBRL data would disrupt the financial eco system. On the contrary, there is no viable business model to provide XBRL-related data services. The true cost of doing so was greatly under-estimated. Without visible profitability, companies hesitate to commit resources in developing XBRL-related services (other than filing). Without applications that can demonstrate the benefits of XBRL data, participants are lack of motivation to keep the momentum going. SEC can change that by providing some fuels - grants for training and software development - to re-energize the XBRL industry and the stakeholders of the industry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9004054568791616577.post-35346838690274026962011-02-22T15:30:11.028+01:002011-02-22T15:30:11.028+01:00Is XBRL is still a hobbyist movement? It seems so....Is XBRL is still a hobbyist movement? It seems so...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9004054568791616577.post-65218938200654551702011-02-22T06:37:15.284+01:002011-02-22T06:37:15.284+01:00If SEC subsidizes all or most of the costs of hand...If SEC subsidizes all or most of the costs of hand-on XBRL training programs,in the form of grants or cost reimbursement, filers will be emcouraged to use its internal resources to learn and apply XBRL. After all it is the SEC that mandates XBRL filing.Unknownhttps://www.blogger.com/profile/02840888240908830321noreply@blogger.comtag:blogger.com,1999:blog-9004054568791616577.post-58364355455170391522011-02-21T18:05:12.983+01:002011-02-21T18:05:12.983+01:00Hindsight is always 20/20 with XBRL being a prime ...Hindsight is always 20/20 with XBRL being a prime example. With the technology in it's birth phase and XBRL-US charging very high membership and conference costs, starting companies could not move forward without substantial investment. Even then, the market was not yet defined.<br /><br />Today it is, but lack in incoming revenue means that many software companies are unable to keep up with needed development and marketing costs. Still, with minimal exceptions, companies will not file unless they absolutely have to, much less pay for it. That means future, instead of present revenue. <br /><br />Human skill set falls behind accordingly. Without software and revenue, there is little reason to learn the technology.<br /><br />Hence, we are where we are, with few software selections. Those that are available are mostly in need to revenue in order to create something exquisite. Professionals are anxiously waiting in the wings for it all to happen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9004054568791616577.post-79139978058010629972011-02-21T16:48:13.942+01:002011-02-21T16:48:13.942+01:00I've been tracking XBRL for years. I worked w...I've been tracking XBRL for years. I worked with Mike Rohan as he started Rivet in 2004. I've attended conferences in the US and Europe.<br /><br />From the outset the general XBRL idea was co-opted by big projects and big accounting firms for statutory reporing - for all the best reasons. But such projects take a long, long time to mature - too long for anyone who isn't directly funded by the projects (of which there are few) and don't have pockets deep enough to stay in the game independently.<br /><br />Perhaps as a consequence, those jurisdication meetings seemed filled with Big n accountancy staffers with a few hanging on trying make a meagre living and, largely, shutting others out rather than evangelizing. At least that was my experience.<br /><br />I'm technical. I understand XBRL. Though not an accountant I've built FAS/IFRS consolidation and reporting systems for organizations large and small both sides of the atlantic so understand the accounting requirement. <br /><br />Because it's inevitable that large government-style projects take a long time to mature, XBRL implementations have been too slow to get going for small organizations like mine to hang around. And I can't imagine we're the only ones in this situation. <br /><br />I imagine similar concerns even play out in big accountancy firms. Yes, they can afford to keep staffers involved. But until there's the prospect of billable hours why would they train their staff? <br /><br />So without advanced commitment either from government or from filers you end up with only a small pool of expertise.<br /><br />My guess is there will never be a very large pool of expertise and it will be fragmented. For the most part 'filing consultants' don't need to know XBRL (the spec) they need to know one of the taxonomies. You only need to know the spec if you need to analyse arcrole, linkbases and so on or intended to write an XBRL app.<br /><br />But taxonomies are complicated and jurisdiction specific which, I think, means consultant knowledge is largely not transferable between jurisdiction (there's always the odd savant but these will be the exceptions which prove the rule). This lack of trasferability helps to keep the pool small because there's limited scope to ensure your investment pays off.Anonymousnoreply@blogger.com