Intangibles reporting

THE MISSING INTANGIBLES INFORMATION IN XBRL  January 12, 2013 – 09:58 am
intangibles reporting

Business Finance magazine recently reported that the Securities and Exchange Commission (SEC) will require that the largest 500 or so companies (by market capitalization) begin to use XBRL by the end of the year with full compliance by 2010.

Extensible Business Reporting Language (XBRL) is a new computer language for the electronic communication of business and financial data. It was developed by an international consortium for open source use for global financial reporting. The hope is to be able to easily access and analyze the written commentary in public filings about the company and its finances. The unstated assumption is that current financial reporting ignores many of the important aspects of business so what a management team says is of growing importance.

But I question whether the information that XBRL and its builders assume is there, really is. That’s because companies are only required to report within the parameters of current accounting practices which were optimized to report on the results and strength of tangibles-heavy industrial companies. These practices do not help much when it comes to reporting on the results and strength of intangibles-heavy companies fueled by knowledge, people, processes, IT and networked business models where key parts of a business may be the responsibility of an external partner.

Source: The Hybrid Vigor Institute | hybridvigor.net

AMACOM Effective Competency Modeling and Reporting (With CD-ROM)
Book (AMACOM)

You might also like:

Chapter 1 - New Beginnings
Chapter 1 - New Beginnings
IMServ - Thames Valley Police
IMServ - Thames Valley Police
Hope (Yuyoyuppe cover) Sang by Me! (English)
Hope (Yuyoyuppe cover) Sang by Me! (English)

Part 2

"Including restructuring, amortization of acquired intangibles and in-process R&D expenses in reported earnings (all of which IBM does) would have lowered HP’s EPS over the last three years by -31 per cent. By contrast, the most it would have affected any other company in our universe over the same time frame would have been -6 per cent for EMC, and -5 per cent for IBM."
Sacconaghi makes t... have become a tradition. The analyst has a per share price target of $35 for HP.
It should be noted that Sacconaghi, this fine publication, and plenty of others have brought up HP's fondness for one-time restructuring charges in the past. Management always assures observers that it takes such charges based on sound decision making around the direction of its business. So there you have it

Number of federal teleworkers hits all-time high  — FederalNewsRadio.com
In addition, an updated version of the governmentwide reporting requirements contained in the Guide to Human Resources Reporting (GHRR) was recently published. OPM will begin collecting pilot data in late summer and begin the work of establishing data …

PeopleSoft HRMS Reporting
Book (Prentice Hall)
Chapter 14 - Triplanetary by EE Smith
Chapter 14 - Triplanetary by EE Smith
Authors@Google: Andrew Baggarly
Authors@Google: Andrew Baggarly
TYT Hour - August 4th, 2010
TYT Hour - August 4th, 2010
CRC Press Occupational Crime: Deterrence, Investigation, and Reporting in Compliance with Federal Guidelines
Book (CRC Press)
Springer The Ethics of Anthropology and Amerindian Research: Reporting on Environmental Degradation and Warfare
Book (Springer)
Computing Mcgraw-Hill Sap R/3 Reporting Tools
Book (Computing Mcgraw-Hill)
Part 04 - Moby Dick Audiobook by Herman Melville (Chs 041-050)
Part 04 - Moby Dick Audiobook by Herman Melville (Chs 041-050)

Related posts:

  1. Intangibles valuation
  2. Intangibles explanation
  3. Intangible assets reporting
  4. Trade Mark reporting
  5. Goodwill reporting