The SEC just release information on an upcoming seminar which will include a webcast to help companies comply with XBRL reporting. The full press release follows:
SEC Staff to Hold Seminar to Help Companies Comply With XBRL Reporting Rules
FOR IMMEDIATE RELEASE
2010-25
Washington, D.C., Feb. 23, 2010 — Securities and Exchange Commission staff will conduct a public seminar next month to help companies and preparers comply with rules that require financial reports to be filed using eXtensible Business Reporting Language, (XBRL), which can provide investors quicker access to the data they want in a format that’s easily used, searched and analyzed.
The seminar will help answer frequently asked questions about the rules and technology requirements. SEC staff will present information to help corporate filers understand how to comply with the rules.
SEC staff also will provide an overview of the XBRL taxonomy — the list of tags associated with Generally Accepted Accounting Principles (U.S. GAAP). Staff also will discuss the recently announced role of the Financial Accounting Foundation in maintaining that taxonomy in conjunction with its GAAP standard-setting activities. SEC staff will provide guidance on other tools and information available to assist with compliance.
To ensure that the seminar is responsive to the needs of companies and preparers, the SEC staff is seeking suggested questions and topics to be discussed at the seminar. Interested parties should e-mail their questions to Ask-OID@sec.gov and include “Public Education Seminar” in the subject line.
The seminar will be held on March 23 beginning at 1 p.m. ET in the auditorium at the SEC’s headquarters (100 F Street N.E. in Washington D.C.). The event also will be webcast on the SEC Web site.
Seating for the seminar will be on a first-come, first-served basis. Reasonable accommodations for persons with disabilities attending this event in person can be arranged by submitting a request to DisabilityProgramOfficer@SEC.gov three business days prior to the event. Captioning will provided on the SEC webcast.
For additional information about the seminar, contact Ask-OID@sec.gov or (202) 551-4144.
Posted in EDGAR XBRL, SEC News and Public Statement.
Tagged with "Interactive Data File", EDGAR, EDGAR filing, SEC, XBRL.
By Securex
– February 23, 2010
The SEC will be closed Monday, February 15, 2010, for Presidents’ Day. As the EDGAR system is closed, filers will not be permitted to submit EDGAR filings to the EDGAR system.
A filing submitted after 5:30 p.m. Eastern Time Friday, February 12, 2010 will receive a filing date of Tuesday, February 16, 2010, and will be disseminated to the public that day at 6:00 a.m. ET.
The following Form Types are exceptions and are accepted by EDGAR until 10:00 p.m. ET Friday, February 12, receiving a same day filing date.
- Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
- CORRESP filings (not immediately disseminated to the public)
If a filing due date falls on a weekend or SEC holiday, the filing due date will fall on the following business day pursuant to Securities Exchange Act of 1934 Rule 0-3 (a).
For a detailed list of upcoming SEC/EDGAR holidays is available at http://www.secfile.net
Posted in SEC EDGAR Filing Deadlines.
Tagged with "EDGAR holiday", "Filing deadline", EDGAR filing, Federal Holiday, Securex.
By Securex
– February 11, 2010
Federal agencies in the Washington, DC, area will continue to be closed Thursday, February 11th due to severe weather conditions. The EDGAR system will not be closed and is still available to accept file submissions until 10:00 p.m. Eastern Time Thursday.
Additional details are available at: http://www.opm.gov/status/
Posted in SEC News and Public Statement.
Tagged with EDGAR, EDGAR filing, SEC.
By Securex
– February 10, 2010
Federal agencies in the Washington, DC, area will continue to be closed Wednesday, February 10th due to severe weather conditions. The EDGAR system will not be closed and is still available to accept file submissions until 10:00 p.m. Eastern Time Wednesday.
Additional details are available at: http://www.opm.gov/status/
Posted in SEC News and Public Statement.
Tagged with EDGAR filing, SEC.
By Securex
– February 9, 2010
Federal agencies in the Washington, DC, area will be closed Tuesday, February 9th due to severe weather conditions. The EDGAR system will not be closed and is still available to accept file submissions until 10:00 p.m. Eastern Time Tuesday.
Additional details are available at: http://www.opm.gov/status/
Posted in SEC News and Public Statement.
Tagged with EDGAR, EDGAR filing, SEC.
By Securex
– February 8, 2010
Federal agencies in the Washington, DC, area will be closed Monday, February 8th due to severe weather conditions. The EDGAR system will not be closed and is still available for file submissions until 10:00 p.m. Eastern Time Monday
Additional details are available at: http://www.opm.gov/status/
Federal agencies in the Washington, DC, area are CLOSEDFederal agencies in the Washington, DC, area are CLOSED
Posted in SEC News and Public Statement.
Tagged with EDGAR, EDGAR filing.
By Securex
– February 7, 2010
The SEC will be closing early today, February 5th due to severe weather conditions in the Washington D.C. area. Staff at the SEC and other federal agencies in the Washington metropolitan area are being dismissed by their agencies 4 hours earlier than their normal departure time. The EDGAR system will not be closing and is still available for file submissions until 10:00 p.m. Eastern Time today.
Additional details are available at: http://www.opm.gov/status/
Posted in SEC News and Public Statement.
Tagged with SEC office hours.
By Securex
– February 5, 2010
In January 2010, the SEC staff issued a small entity compliance guide on oil and gas reporting to assist smaller companies in implementing the new reporting requirements under the SEC final rule, Modernization of Oil and Gas Reporting. The final rule modernizes and updates the oil and gas disclosure requirements to align them with current practices and changes in technology. The guide summarizes and explains rules adopted by the SEC, but is not a substitute for a rule itself. Only a rule itself can provide complete and definitive information regarding its requirements. The final rule is effective for registration statements filed on or after January 1, 2010, and for annual reports on Forms 10-K and 20-F for fiscal years ending on or after December 31, 2009.
The small entity compliance guide on oil and gas reporting includes an overview of the following information from the SEC final rule.
Changes to Oil and Gas Definitions in Rule 4-10 of Regulations S-X
The guide describes revisions to the following oil and gas definitions resulting from the final rule:
- Average price
- First-of-the month pricing
- Reliable technologies
- Nontraditional resources
- Eliminate “certainty” test
- Supporting definitions
Consolidation of Disclosure Requirement in Subpart 1200
The guide describes how the final rule resulted in the creation of Subpart 1200, Disclosure by Registrants Engaged in Oil and Gas Producing Activities, in Regulation S-K. This new subpart consolidates the industry-specific disclosure requirements for oil and gas companies found in Item 102 of Regulation S-K and Industry Guide 2. The new subpart contains the following disclosure items:
- Item 1201. General instructions to oil and gas industry-specific disclosures
- Item 1202. Disclosure of reserves
- Item 1203. Proved undeveloped reserves (PUDs)
- Item 1204. Oil and gas production, production prices and production costs
- Item 1205. Drilling and other exploratory and development activities
- Item 1206. Present activities
- Item 1207. Delivery commitments
- Item 1208. Oil and gas properties, wells, operations, and acreage
Other Significant Issues
The guide also describes the following issues related to oil and gas reporting addressed in the final rule:
- MD&A Guidance – The adopting release also includes interpretative guidance regarding the types of issues an oil and gas company should consider when preparing its MD&A, including disclosure regarding material changes due to technology, prices and concession conditions.
- Ceiling Test Limitation for Capitalized Costs under Full Cost Method – The amendments change the Commission’s full cost method of accounting to use a 12-month average price for reserves quantity disclosures and for accounting purposes.
- Accounting Treatment and no Retroactive Revision – The adopting release includes accounting guidance stating that any change to accounting figures that result from the amendments should be treated as a change in the method of applying an accounting principle that is inseparable from a change in accounting estimate, which would not require retroactive revision.
The SEC’s small entity compliance guide on oil and gas reporting can be found at http://www.sec.gov/info/smallbus/secg/oilgasreporting-secg.htm.
From John Lehman
GBH CPAs, PC
www.gbhcpas.com
Posted in Public Company Accounting, SEC News and Public Statement.
Tagged with Modernization of Oil and Gas Reporting., Oil and gas, Regulations S-X, Small entity.
By Securex
– February 5, 2010
The SEC will be closed Friday, January 1, 2010 for New Years Day. As the EDGAR system is closed, filers will not be permitted to submit EDGAR filings to the EDGAR system.
A filing submitted after 5:30 p.m. Eastern Time Thursday, December 31, 2009 will receive a filing date of Monday, January 4, 2010, and will be disseminated to the public that day at 6:00 a.m. ET.
The following Form Types are exceptions and are accepted by EDGAR until 10:00 p.m. ET Thursday, December 31, receiving a same day filing date.
- Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
- CORRESP filings (not immediately disseminated to the public)
If a filing due date falls on a weekend or SEC holiday, the filing due date will fall on the following business day pursuant to Securities Exchange Act of 1934 Rule 0-3 (a).
A list of upcoming SEC/EDGAR holidays is available at http://www.secfile.net
Posted in SEC EDGAR Filing Deadlines.
Tagged with "EDGAR holiday", deadline, EDGAR filing, Federal Holiday.
By Securex
– December 31, 2009
The SEC will be closed Friday, December 25, 2009 for Christmas. As the EDGAR system is closed, filers will not be permitted to submit EDGAR filings to the EDGAR system.
A filing submitted after 5:30 p.m. Eastern Time Thursday, December 24, will receive a filing date of Monday, December 28, and will be disseminated to the public that day at 6:00 a.m. ET.
The following Form Types are exceptions and are accepted by EDGAR until 10:00 p.m. ET Thursday, December 24, receiving a same day filing date.
- Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
- CORRESP filings (not immediately disseminated to the public)
If a filing due date falls on a weekend or SEC holiday, the filing due date will fall on the following business day pursuant to Securities Exchange Act of 1934 Rule 0-3 (a).
A list of upcoming SEC/EDGAR holidays is available at http://www.secfile.net
Posted in SEC EDGAR Filing Deadlines.
Tagged with "Filing deadline", deadline, EDGAR, EDGAR filing, Federal Holiday.
By Securex
– December 22, 2009
Yesterday President Obama signed the appropriations bill that includes funding for the Securities and Exchange Commission. Effective Dec. 21, 2009, the Section 6(b) fee rate applicable to the registration of securities, the Section 13(e) fee rate applicable to the repurchase of securities, and the Section 14(g) fee rate applicable to proxy solicitations and statements in corporate control transactions will increase to $71.30 per million dollars from the current $55.80 per million.
Read the full SEC release: www.sec.gov/news/press/2009/2009-270.htm
Posted in SEC News and Public Statement.
Tagged with "Fee rate", "Filing fees", "Registration Statement", EDGAR, EDGAR filing, Fee calculator, Fee Rate Advisory.
By Securex
– December 17, 2009
The SEC has launched an XRBL portal at www.xbrl.sec.gov. This page provides links from the SEC website to sources of information about XBRL technology, as well as creating and submitting XBRL-tagged interactive data files in compliance with Commission rules.
Links provided cover the following topics:
* XBRL Rules and Regulations
* Interactive Data Interpretive Guidance
* XBRL Background
* Technical Information on XBRL
* Tools to View XBRL Filings
Posted in EDGAR XBRL.
Tagged with "Compliance and Disclosure Interpretations", "Interactive Data", EDGAR filing, eXtensible Business Reporting Language, Interpretive Guidance, Rules and regualtions, XBRL.
By Securex
– December 11, 2009
Listed below are upcoming SEC EDGAR filing deadlines in December:
Large Accelerated Filers:
- 10-Q: Due Thursday, December 10, 2009 for Quarterly Period Ended 10/31/09
- 10-K: Due Wednesday, December 30, 2009 for Fiscal Year Ended 10/31/09
Accelerated Filers:
- 10-Q: Due Thursday, December 10, 2009 for Quarterly Period Ended 10/31/09
- 10-K: Due Monday, December 14, 2009 for Fiscal Year Ended 09/30/09
Non-Accelerated Filers:
- 10-Q: Due Tuesday, December 15, 2009 for Quarterly Period Ended 10/31/09
- 10-K: Due Tuesday, December 29, 2009 for Fiscal Year Ended 09/30/09
Other Deadlines:
- 5: Due Tuesday, December 15, 2009 for Fiscal Year ended 10/31/09
- 11-K: Due Monday, December 28, 2009 for Fiscal Year ended 06/30/09
- 24F-2: Due Tuesday, December 29, 2009 for Fiscal Year ended 09/30/09
- 20-F: Due Wednesday, December 30, 2009 for Fiscal Year ended 06/30/09
View a complete list of EDGAR filing deadlines at: www.secfile.net/SEC_calendar.htm
Posted in SEC EDGAR Filing Deadlines.
Tagged with "Filing deadline", EDGAR, EDGAR filing.
By Securex
– December 2, 2009
The SEC will be closed Thursday, November 26, 2009 for Thanksgiving Day. As the EDGAR system is closed, filers will not be permitted to submit EDGAR filings to the EDGAR system.
A filing submitted after 5:30 p.m. Eastern Time Wednesday, November 25, will receive a filing date of Friday, November 27, and will be disseminated to the public that day at 6:00 a.m. ET.
The following Form Types are exceptions and are accepted by EDGAR until 10:00 p.m. ET Wednesday, November 25 receiving a same day filing date.
- Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
- CORRESP filings (not immediately disseminated to the public)
If a filing due date falls on a weekend or SEC holiday, the filing due date will fall on the following business day pursuant to Securities Exchange Act of 1934 Rule 0-3 (a).
A list of upcoming SEC/EDGAR holidays is available at http://www.secfile.net
Posted in General EDGAR filing, SEC EDGAR Filing Deadlines.
Tagged with "Filing deadline", EDGAR, EDGAR filing, Federal Holiday, Securex.
By Securex
– November 18, 2009
The SEC will be closed Wednesday, November 11, 2009 in observance of Veteran’s Day. As the EDGAR system is closed, filers will not be permitted to submit EDGAR filings.
A filing submitted after 5:30 p.m. Eastern Time Tuesday, November 10, will receive a filing date of Thursday, November 12, and will be disseminated to the public that day at 6:00 a.m. ET.
The following Form Types are exceptions and are accepted by EDGAR until 10:00 p.m. ET receiving a same day filing date.
- Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
- CORRESP filings (not immediately disseminated to the public)
If a filing due date falls on a weekend or SEC holiday, the filing due date will fall on the following business day pursuant to Securities Exchange Act of 1934 Rule 0-3 (a).
A list of upcoming SEC/EDGAR holidays is available at http://www.secfile.net
Reminder: SEC Closed Wednesday, November 11, 2009 for Veteran’s Day
The SEC will be closed Wednesday, November 11, 2009 in observance of Veteran’s Day. As the EDGAR system is closed, filers will not be permitted to submit EDGAR filings.
A filing submitted after 5:30 p.m. Eastern Time Tuesday, November 10, will receive a filing date of Thursday, November 12, and will be disseminated to the public that day at 6:00 a.m. ET.
The following Form Types are exceptions and are accepted by EDGAR until 10:00 p.m. ET receiving a same day filing date.
- Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
- CORRESP filings (not immediately disseminated to the public)
If a filing due date falls on a weekend or SEC holiday, the filing due date will fall on the following business day pursuant to Securities Exchange Act of 1934 Rule 0-3 (a).
A list of upcoming SEC/EDGAR holidays is available at http://www.secfile.net
Posted in General EDGAR filing, SEC EDGAR Filing Deadlines.
Tagged with "Filing deadline", deadline, EDGAR filing, Federal Holiday.
By Securex
– November 6, 2009
