Financial Reporting Using XBRL: IFRS and US GAAP Edition
Washington, D. C. (PRWEB) December 13, 2006
UBmatrix™, a leading provider of software and services leveraging the global XBRL standard, today announced that UBmatrix Director of Industry Solutions - Financial Reporting, Charlie Hoffman was presented this week with the American Institute of Certified Professional Accountants' (AICPA) Special Recognition Award for his pioneering role in the development of eXtensible Business Reporting Language (XBRL). Hoffman, commonly credited with being the "Father of XBRL" is a member of the AICPA and author of the books "XBRL Essentials", a non-technical guide to XBRL and "Financial Reporting Using XBRL: IFRS and US GAAP Edition", a comprehensive guide to using XBRL in financial reporting (ordering information below.)
"Charlie has lived and breathed XBRL since the late 1990s and truly deserves this recognition," commented Sunir Kapoor, UBmatrix President and CEO. "The endorsement the AICPA award represents is noteworthy, both in terms of Charlie's efforts, and to XBRL as a game-changing technology. The accounting profession - indeed business reporting in general - will never be the same."
During his acceptance speech, Mr. Hoffman quickly gave credit to the many others whose work was critical to the current success of XBRL. "People call me 'the father of XBRL', but I like to refer to myself as the guy who did the obvious. I was in the right place at the right time, with the right set of skills." He thanked many individuals by name as well as the support received from UBmatrix and investors in the XBRL technology market that have made commercialization of XBRL technology possible.
Mr. Hoffman was co-editor of the first XBRL taxonomy and a significant contributor to the XBRL 2.1 specification. He has continued to play a major role in crafting the taxonomy for financial reporting under International Financial Reporting Standards (IFRS-GP). He also continues to lead the path forward as a member of the XBRL International Specification and Domain working groups, as co-author of the "Financial Reporting Taxonomies Architecture" (FRTA) 1.0 specification and the "Financial Reporting Instance Standards".
XBRL stands for "Extensible Business Reporting Language". XBRL is an international standard created by XBRL International, a consortium with hundreds of members worldwide, representing public and private companies, governmental and regulatory agencies. UBmatrix is a founding member of the organization and continues to provide technical, academic and organizational leadership. See http://www.xbrl.org for additional information.
UBmatrix provides technology solutions for making data portable. Offered both as licensed software and on-demand via the Internet, UBmatrix solutions help automate the process of exchanging information using eXtensible Business Reporting Language (XBRL), the next evolutionary stage of XML. Using our platform, organizations can move data freely among applications within an enterprise, between business partners, and to regulators without losing the semantic meaning of the data. Benefits include increased operational and financial transparency, cost savings in sharing data both inside and outside the organization, and greater confidence in reporting accuracy and regulatory compliance.
Visit UBmatrix at http://www.ubmatrix.com.
UBmatrix and xBReeze are trademarks of UBmatrix, Inc. US Patent No 6,947,947 B2 and other patents pending.
Ordering information for books written by Charles Hoffman:
"XBRL Essentials" can be found on the AICPA website:
"Financial Reporting Using XBRL: IFRS and US GAAP Edition" can be found at http://www.ubmatrix.com/xbreeze/