Posts

New Tools to Work with XBRL in Excel


With the importance of accurate, standardized financial reporting enforced through XBRL filing mandates, having XBRL tools you can rely on is a must. What’s more, financial professionals need to be able to generate XBRL reports easily without getting bogged down by the complexities of XBRL syntax.

Altova offers several add-ins for Excel that make it easy for organizations to comply with regulations from the EBA, EIOPA, and other regulatory bodies that mandate reporting in XBRL. These easy-to-use software products integrate directly into Excel so that users can create valid XBRL reports in an environment where they’re already comfortable working. And, the add-ins support importing existing XBRL reports to Excel for easy readability and analysis.

The latest release of the Altova XBRL Add-ins for Excel provides some important new features – let’s take a look.

New tools to work with XBRL data in Excel
Read more…
Tags: , , , ,

How to Get EBA XBRL from Excel


Like other regulatory agencies around the world, the European Banking Authority (EBA) has standardized on XBRL for the transmission of data submitted by filing entities. Benefits of using XBRL include increased accuracy and efficiency of supervisory practices and risk identification. The use of XBRL benefits filing organizations as well, because the now-standardized data can be easily validated and then used further for automated report generation and other common requirements.

However, the challenge lies in getting backend data into a valid XBRL format according to the EBA Taxonomy, especially since the employees recording the data are generally financial professionals and not familiar with XBRL syntax.

Let’s take a look at a few options for that, including a solution from Altova called the European Banking Authority (EBA) XBRL Add-in for Excel.

EBA XBRL from Excel

Read more…

Tags: , ,

New RaptorXML scripts added: XBRL.US DQC Rules, EFM v35, and EBA Filing Rules


Altova is a member of XBRL.US and has recently joined the XBRL US Center for Data Quality to support the Data Quality Committee’s initiative to address the public’s concerns about the quality and usability of XBRL financial data filed with the SEC.

As such, we are pleased to announce that we have just released a new set of EDGAR Tools for RaptorXML+XBRL Server on GitHub. These new Python scripts for RaptorXML+XBRL Server now support validation against the new Edgar Filer Manual (EFM) version 35, as well as implementing all the Approved DQC Guidance and Validation Rules from XBRL.US.

Data Quality DQC

Read more…

Tags: , , , , , , , ,