Session at 2009 Semantic Technology Conference Highlights How XBRL Brings Precise Semantics to Financial Data
The presentation is now available for download (~8M) at http://bit.ly/zbcH2
San Jose — June 16, 2009 Recent accounting scandals have heightened the need for transparency in reporting of financial data. Companies are now required to submit regular reports and disclosures conforming to accepted accounting principles like International Financial Reporting Standards (IFRS) and U.S. generally accepted accounting principles (U.S. GAAP). Financial regulators around the world have also mandated that these reports be tagged using the eXtensible Business Reporting Language (XBRL). As large repositories of XBRL data are now being collected, the quality of data submission is on the rise.
Diane Mueller, vice president, XBRL development for JustSystems, and vice chair of XBRL International, Inc.; and Dave Raggett, JustSystems-sponsored W3C Fellow and member of the XBRL International Standards Board (XSB), spoke about XBRL at the 2009 Semantic Technology Conference held June 14-18 at the Fairmont Hotel in San Jose, CA. The session titled, “XBRL, RDF and the Semantic Web,” took place on Tuesday, June 16, 2009
The presentation is available for download (~8M) at http://www.xbrlspy.org/sites/xbrlspy.org/files/MuellerRaggettSeTech2009XBRLRDFandSemanticWebv3.pdf
During the session, the presenters addressed how XBRL brings precise semantics to financial data via reference to external accounting principles. By combining XBRL and the semantic web, there is tremendous potential for analyzing and exploring vast amounts of financial information on companies and markets worldwide.
For more information on the 2009 Semantic Technology Conference, visit http://www.semantic-conference.com/. For more information on JustSystems, visit http://www.justsystems.com/ and the JustSystems XBRL Knowledge Center at http://na.justsystems.com/xbrl. For additional perspectives, visit and subscribe to the JustSystems RSS blog feed at http://na.justsystems.com/xbrl_blog, and follow Diane Mueller on Twitter at @XBRLspy.
About JustSystems
JustSystems is a leading global software provider with three decades of successful innovation in office productivity, information management, and consumer and enterprise software. With over 2,500 customers worldwide, the company is continuing a global expansion strategy based on its xfy enterprise software, XMetaL content lifecycle solutions, and its pioneering work in enabling XBRL financial reporting technologies. JustSystems is one of the 2008 KMWorld 100 Companies that Matter in Knowledge Management, a 2008 EContent 100 member, and was recognized on the 2008 KMWorld Trend-Setting Product list for XMetaL. Major strategic partnerships include IBM, Oracle and EMC. For more information, please visit http://www.justsystems.com. All brand names and product names are trademarks or registered trademarks of their respective companies.
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Media Contact: Elena Annuzzi for JustSystems 650-704-8664 Elena@TECHMarket.com
