Learn About Inline XBRL and XBRL Taxonomy Packages


As adoption of the eXtensible Business Reporting Language (XBRL) for financial reporting increases worldwide, new standards are emerging to meet the needs of filing companies and developers alike. Altova’s line of XBRL-enabled products supports a wide-range of XBRL standards and is updated frequently as new specifications emerge.

Let’s take a closer look at two of the newer XBRL standards – Inline XBRL and XBRL Taxonomy Packages – and explore how they work.

Corporate buildings

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How to Get Excel into XBRL for EBA Filing


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 range from increased accuracy, to efficiency of supervisory practices and risk identification, and so on. 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. Let’s take a look at a few options for that, including a new product from Altova called the European Banking Authority (EBA) XBRL Add-in for Excel.

EBA XBRL from Excel

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Big Data, Database, and XBRL Tools Get a Huge Boost


It’s time for the latest release of Altova’s MissionKit and server software products, and this one delivers a huge boost in functionality for working with big data, databases, XBRL, and much more.

With support for Apache Avro in multiple products, additional databases and drivers across the product line, and two new XBRL specifications in developer and server products, plus a new way to build and process PDF forms, Version 2017 connects all the data dots.

What will be your favorite new feature? Let’s take a look.

Big Data Support

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Top Five Reasons to Document Your Schemas


Schema development is often an iterative process, and developers don’t typically start from scratch – XML Schemas, and, increasingly, JSON Schemas, are pieced together from existing documents or inherited from other teams. The ability to discern how schema components relate and analyze notes about development choices is infinitely helpful – but so often impossible due to lack of effective documentation.

Let’s take a look at some of the reasons documentation should be an integral part of your XSD, JSON, or other schema development.

 Benefits of XSD documentation

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Compare Financial Data for 2 US Public Companies


Last winter we launched Company Financials – a nifty little app that lets you view and graph financial reports for US public companies based on the XBRL data that they have to file with the SEC. Now we’re proud to announce the new Company Financials 2.2 app, which adds tons of new features, including the ability to compare financial data for 2 US public companies side-by-side!

Lower Manhattan

So when you’re out on the boat this summer, looking back at Lower Manhattan and Wall Street, you can still analyze financial reports and do an in-depth comparison of financial data between two companies – just by typing their stock tickers into your smartphone or tablet.

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Excel Add-in Generates XBRL WIP Data


The reach of the eXtensible Business Reporting Language (XBRL) is rapidly expanding beyond financial reporting requirements to provide the advantages of standardized data submission across verticals. One recent development is the Work in Process XBRL Taxonomy created by XBRL.US for the surety industry.

The good news is that non-technical stakeholders can be completely shielded from the complexity of XBRL using software tools developed in concert with the taxonomy standards.

We’re excited to introduce the Altova Work in Process (WIP) XBRL add-in for Excel: a new product that lets contractors build their WIP reports directly in Excel, where they’re already comfortable working, and then export the reports in WIP XBRL for submission to sureties and underwriters.

Contractors writing WIP XBRL reports in Excel

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XBRL Data Mapping: WIP Taxonomy


The usefulness of the XBRL standard reaches far beyond SEC requirements for filing financial statements. Organizations such as XBRL.US and XBRL International are working to develop XBRL taxonomies and accompanying software solutions for countless other practical applications where standardizing data submission results in increased accuracy and productivity for all involved – for report filing, data analysis, and beyond.

One such project is the Work in Progress (WIP) Taxonomy created by XBRL.US for the surety industry. The new taxonomy helps save time and increase accuracy for report submission, and at the same time enables new opportunities for data analysis and decision making.

Construction-site-surety

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