idaciti stories

XBRL + Technology = Powerful Insights

Financial statements tagged using XBRL opens up opportunities for data users to automatically access detailed, filer-supplied data. The machine-readable format creates efficiencies and cost-savings for users to use the data to gain better

Can Innovation and Creativity Solve the XBRL Data Quality Issue?

One of the hurdles for issuers to overcome when tagging or reviewing the XBRL tags (i.e., "elements") of their filings is to step back and: (1) compare the tags in the current

Choosing your Financial Data Source: Details Matter

XBRL instances include, as data fields, every fact reported in the face of financial statements and footnotes to the financials. When a data vendor adopts the XBRL-first process, it harvests every last one of these data points and serves them up ready to be used to its users.

XBRL: A Single Source of Truth

Every day, investment professionals parse through corporate financial reports, download selected numbers, plug those numbers into their calcu

Disclosure Research

Being Human: It's about Connection and Connecting the Dots

Our platform helps investors and analysts quickly discover patterns and anomalies in the data to generate new insights. We also marry textual and quantitative data so that users can quickly discover relationships and patterns never seen before.

Disclosure Research

COVID-19 and Debt Covenant Violations - Sign of what is to Come

At idaciti, our Disclosure Research application can provide you with up-to-the-minute alerts on debt covenant violations and renegotiations.

Financial Analysis

The Tsunami of Filings

Dealing with the financial data tsunami requires XBRL data and technology as complementary solutions. Trying to survive this onslaught with one solution but not the other is like swimming against the tide.

Why High-Quality XBRL Should Be on Everyone's Radar

Recently, we posted a blog about the importance of XBRL data quality. We noted with great interest the post last week by Wes Bricker (PwC Vice Chair, US and Mexico Assurance Leader and

Disclosure Research

Materiality is in the Eye of the Beholder

This notion of materiality leaves the judgment of whether to disclose or not disclose to management and the board of directors, who may not have the same perspective as investors who are managing a portfolio of investments.

iXBRL

How to Truly Democratize the Availability & Usability of Financial and ESG Data

Henry Ford once said, “Coming together is a beginning, staying together is progress, and working together is a success.” That quote rings so true when the end goal is to democratize the availability

Disclosure Research

Watch What They Do, Not What They Say - Executive Pay in the Pandemic

Many companies are faced with balancing competing responsibilities to various stakeholders. Has executive compensation escaped part of the swathe of corporate cuts?

ESG

E-S-G, as Easy as 1-2-3

Try idaciti applications for free and see for yourself how you can access audit fees and other corporate-governance related data points.

Work Smarter, not Harder. The New Game Plan for CFOs

In today’s challenging environment, companies and their employees are facing unprecedented obstacles. Employees are working remotely while juggling childcare and online classes for their children. Companies are actively managing risk from all

Accountability for Accounting

“Accounting is the language of business”, Warren Buffett once proclaimed. Being one of the most famous investors of all time, we are sure that all of us can learn from his great wisdom.

iXBRL

In Data We Trust.In High-Quality Data We Shine.

Paying close attention to your company’s XBRL filing quality is essential for your company to control the messaging to the investors, analysts, the public, and the SEC.

Disclosure Research

Sample SEC Comment Letters on COVID-19

We’re starting to learn more about how the SEC is policing disclosures around the pandemic. These SEC comment letters can show filers what's required to maintain high-quality disclosures in this challenging time.

Financial Analysis

How Well Do You Speak This Financial Language?

XBRL has become the language for global finance and accounting. It is already erasing borders, improving transparency and changing the way we think about data – and its influence will continue to grow.

Financial Analysis

The One Industry Trend CFOs and Controllers Need To Follow

Oil powers a variety of machines and tools that modern society needs to function. Data has a similar powering role.

iXBRL

The SEC Inline XBRL Requirements are Good for CFOs and CIOs

Excerpt from "SEC's iXBRL requirements met with optimism -- and trepidation," by George Lawton for Tech Target - Search Compliance. Experts in XBRL/iXBRL including idaciti's CEO Emily Huang shared their opinions on

Financial Analysis

New Lease Accounting: Why Is It Important For Investors And Analysts?

The new lease guidance increases the transparency of these lease arrangements by requiring more detailed disclosures (for example, the discount rate for the lease).

Data Storytelling

When data diverges: The best ways to find and show outliers in financial data

Outliers get a bad rap in data. But to paraphrase the economist Robert Shiller, “the outliers matter the most.” When that’s the case, you want to find that outlier and put it on a stage. Here are two ways to track them down and then show them off.

Data Storytelling

The trouble with BYOD (Bring Your Own Data) & why most data visualization platforms are hard to use

Let’s get right to it: just because everyone’s talking about data visualization and data analysis and big data doesn’t mean that any of it’s easy. The best part of having data is using it to make decisions. But if you have bad data, the truth is that you’re only going to make bad decisions.

Data Storytelling

The metrics showdown: R&D over revenue in the pharmaceutical industry

Pharma companies spend a lot of money in R&D--more than almost any other industry. And the R&D ratio (R&D compared to revenue) is interesting because it can tell us how invested in new product development one company is compared to another.

Data Storytelling

3 quick tips for better-looking and easy-to-understand financial graphs in Excel

The secret to making made-in-Excel graphs beautiful and professional? Don't let them look like you made them in Excel.

Data Storytelling

2 TED talks that make the case for financial data visualizations

These two TED talks use data visualizations to communicate in a way that numbers or words can’t. These methods can be especially applicable for financial data.