Location:

Web Seminar

Start Date:

February 24, 2010, 14:00

End Date:

February 24, 2010, 15:00

The SEC says that beginning with the second year of XBRL filings, organisations must tag footnotes using four different levels of detail.

1. Each complete footnote tagged as a single block of text;

2. Each significant accounting policy within the significant accounting policies footnote tagged as a single block of text;

3. Each table within each footnote tagged as a separate block of text; and

4. Within each footnote, each amount (i.e. monetary value, percentage, and number) must also be tagged.

The first year of XBRL filing only requires the first level of detail. The next year’s filing will require all four levels of detail – a huge, possibly 10x, increase in tags as revealed in these public comment letters submitted to the SEC:

“We anticipate approximately 5,400 data elements would be required to be tagged … requiring a significant number of extensions to the standard XBRL taxonomies.” – FirstEnergy

“We estimate that performing detailed footnote tagging … would result in approximately 2,500 tagged elements compared to approximately 500 tags required to meet the year one requirements” – Inter Corporation

You must act now to rapidly scale your process to meet this deadline! Join this webinar to hear from Louis Matherne, Director of XBRL Services at Clarity Systems and Former President of XBRL International as he discusses:

l          The challenges with filing four levels of detail;

l          The options you have;

l          Specific action steps you need to follow to meet the deadline.

For further information or questions please contact:

Rachel Jordan

rjordan@claritysystems.com

Toll Free: 1.877.410.5070 x 555

Local: 416.250.5500 x 555