Extensible Business Reporting Language Analysis

The globalization of business activity has resulted in the need for a uniform set of accounting rules in all countries. With U.S. corporations doing so much business in other countries, it is imperative that the SEC and international regulatory boards devise a set of rules and regulations that would benefit both parties. If this did not happen, international companies would be able to do whatever they wanted without repercussion because of the discrepancies in the differing sets of rules. Accomplishing this universal set of rules would allow companies to list securities in any market without having to prepare more than one set of financial statements. There have been so many

All other entities should apply the amendments prospectively to all disposals of components of an entity, and all businesses or nonprofit activities that, on acquisition, are classified as held for sale, that occur within annual periods beginning on or after December 15,2014 and interim periods within annual periods beginning on or after December 15,2015. (ASU 2014-08)

His rule was created after both Tony Dungy and Dennis Green were both fired at the end of the 2002 season, Dungy was fired by the Tampa Bay Buccaneers despite having a winning season and Green was fired by the Minnesota Vikings after his first losing season in 10 years. Both of these coaches got fired by their respective organizations for virtually no reason, both coaches had incredible win percentages throughout their career and were fired after one season that was considered a down season for them. Dan Rooney just recently passed away earlier this month, he was 84, he not only left his legacy of the Pittsburgh Steelers behind, he also left behind the Rooney Rule which will always be relevant in the NFL and the sports world as a whole for as long as sports may

Some of the new restrictions take effect at the start of 2017. Others are staggered over the next two years. (sacbee.com)

On day 1 promulgate a "proposed rule" (regulation) amending 31 CFR 130.121 to redefine applicable financial institutions

It’s essential for plan sponsors to understand how this new standard will impact their business practices as well. According to a U.S. Chamber of Commerce issue brief, the rule “affects how investment advice is provided to every 401(k) plan, every IRA, and every rollover or distribution to or from either.” The impact of this reform is sweeping, and given the forecasted movement of 401(k) and IRA money over the next 20 years, as baby boomers retire, much

On July 11, 2013, the same day that the IRS released its notice, the U.S. House of Representatives presented H.R. 2667: Authority for Mandate Delay Act, which would delay for one year the fines and penalties for small businesses. On July 17, 2013, the House passed H.R.

The funeral industry went to Congress and was able to obtain some relief in the form of the FTC Improvements Act of 1980. That statute imposed new procedural safeguards in the FTC rulemaking process. It also required the FTC to republish the Funeral Rule and take additional comments using the new procedural safeguards.

Legislation change over time, rules and policies have to be reviewed on a regular basis to make sure they

Under the Congressional Review Act, any new rules can be removed by federal lawmakers on the condition that it must be done within the first 60 days of the regulation. The deadline for the rule is this Friday.

Issue #4: The current COI policy adopted by Lakewood Church is actually more restrictive than that recommended by the IRS and there have only been two changes to the IRS’s recommendations that are noted below.

The most commonly used exemption that investment law firms employ is Regulation D Rule 506, often referred to simply as a Rule 506 Exemption. Whether you’re starting a hedge fund and want to keep your financials private or managing a small private equity fund while trying to avoid the time consuming process of registering with the Securities and Exchange Commission, the investment management team at Capital Fund Law Group can help you determine whether a Rule 506 Exemption is appropriate for your business.

In the event that this new law will take effect or not, I would start preparing my organization for action. In preparing a strategic plan to incorporate and implement this new law, my first approach would be to aim strictly for success for my organization by identifying my target customers and continuing to communicate to current consumers. That involves setting my goals and mission. I would push for a more market-driven plan. That means accessing the needs of my organization and directing my attention to the ones that are most needed by using the S.W.O.T analysis (Berkowitz, 2011).

XBRL, the eXtensible Business Reporting Language, is an open standards-based reporting system built to accommodate the electronic preparation and exchange of business reports around the world. XBRL started back in 1999 with 12 organizations as the founding members. There are now in excess of 450 organizations worldwide in over 30 countries involved in its development. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data. The idea behind XBRL, eXtensible Business Reporting Language, is simple. Instead of treating financial information as a

There are more specific format and line item disclosure requirements for SEC registrants. Unlike IFRS, it is needed to present statements for the most recent