Here is our pick of the 3 most important XBRL news stories from the last week.
1 Major European trends for reporting
Whether it’s the upcoming mandatory ESG disclosures or increased scrutiny reflected in data granularity, the road leading up to 2022 (and beyond) is a challenging one. In a financial world that is so profoundly wired together, a small change on one end can unravel a process on another end, and the wind of change will affect all involved. Approaching the publication of our whitepaper on major trends shaping reporting in the European Union, we share our subjective teaser on trends that are and will be a major influence.
Europe currently is in the vanguard for reporting of all kinds. Here’s a summary of the relevant trends.
2 99 days that will change reporting
The coming days should see greater certainty emerge in the environmental, social, and governance (ESG) standards-setting space, observes XBRL International CEO John Turner.“For those of us very used to the normal pace of accounting standards setting (or indeed, disclosure rule creation), the speed with which policy makers have turned their attention to the goal of mandatory and consistent sustainability reporting is breathtaking,” he writes in a new blog post.
Due to his position, John has great insights into reporting developments around the world. Check out his 99 days!
3 New for Nigeria: XBRL reports blaze a trail
We were delighted to hear this week that Dangote Cement, Africa’s largest cement producer, has produced its most recent financial statements in XBRL, using the International Financial Reporting Standards (IFRS) Taxonomy. This marks the first time a Nigerian listed company has reported its results using XBRL.
It is genuinely encouraging to see an important company in Africa’s largest country by population stepping up to true leadership by voluntarily filing XBRL reports! Go Nigeria, go Africa!
Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.
We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.
For context on XBRL please read this introduction to our XBRL Week in 2016 and read articles tagged XBRL in our archives.
New readers can read 3 free articles. To become a member with full access to all that Daily Fintech offers, the cost is just USD 143 a year (= USD 0.39 per day or USD 2.75 per week). For less than one cup of coffee you get a week full of caffeine for the mind.
Right here is our decide of the 3 most necessary XBRL information tales from the final week.
1 Main European traits for reporting
Whether or not it’s the upcoming necessary ESG disclosures or elevated scrutiny mirrored in knowledge granularity, the street main as much as 2022 (and past) is a difficult one. In a monetary world that’s so profoundly wired collectively, a small change on one finish can unravel a course of on one other finish, and the wind of change will have an effect on all concerned. Approaching the publication of our whitepaper on main traits shaping reporting within the European Union, we share our subjective teaser on traits which can be and will probably be a significant affect.
Europe at present is within the vanguard for reporting of all types. Right here’s a abstract of the related traits.
2 99 days that can change reporting
The approaching days ought to see larger certainty emerge within the environmental, social, and governance (ESG) standards-setting area, observes XBRL Worldwide CEO John Turner.“For these of us very used to the conventional tempo of accounting requirements setting (or certainly, disclosure rule creation), the velocity with which coverage makers have turned their consideration to the purpose of necessary and constant sustainability reporting is breathtaking,” he writes in a brand new weblog submit.
On account of his place, John has nice insights into reporting developments world wide. Take a look at his 99 days!
3 New for Nigeria: XBRL experiences blaze a path
We had been delighted to listen to this week that Dangote Cement, Africa’s largest cement producer, has produced its most up-to-date monetary statements in XBRL, utilizing the Worldwide Monetary Reporting Requirements (IFRS) Taxonomy. This marks the primary time a Nigerian listed firm has reported its outcomes utilizing XBRL.
It’s genuinely encouraging to see an necessary firm in Africa’s largest nation by inhabitants stepping as much as true management by voluntarily submitting XBRL experiences! Go Nigeria, go Africa!
Christian Dreyer CFA is well-known in Swiss Fintech circles as an knowledgeable in XBRL and monetary reporting for traders.
We now have a self-imposed constraint of three information tales every week as a result of we serve busy senior leaders in Fintech who want simply sufficient data to get on with their job.
For context on XBRL please learn this introduction to our XBRL Week in 2016 and skim articles tagged XBRL in our archives.
New readers can learn 3 free articles. To turn into a member with full entry to all that Day by day Fintech affords, the price is simply USD 143 a yr (= USD 0.39 per day or USD 2.75 per week). For lower than one cup of espresso you get every week stuffed with caffeine for the thoughts.