Speaking Session at 2009 Semantic Technology Conference to Highlight HowXBRLBrings Precise Semantics to Financial Data
NEW YORK and VANCOUVER — June 10, 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.
JustSystems, the largest independent software vendor in Japan and a worldwide leader in XML and information management technologies, today announced that Diane Mueller, vice president, XBRL development for JustSystems, and vice chair ofXBRL International, Inc.; and Dave Raggett, JustSystems-sponsored W3C Fellow and member of theXBRL International Standards Board (XSB), will be speaking about XBRL at the2009 Semantic Technology Conferencebeing held June 14-18 at the Fairmont Hotel in San Jose, CA. The session titled, “XBRL, RDF and the Semantic Web,” will take place on Tuesday, June 16, 2009, at 4:30 p.m.
During the session, the presenters will address 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.
Attendees will also learn about:
- Ramifications for both XBRL and the semantic web
- Standards development in relation to the semantic web that will complement the work of XBRL International
- Semantic case studies for financial data
- Current work to date on generating Resource Description Framework (RDF) from XBRL repositories
For more information on the 2009 Semantic Technology Conference, visithttp://www.semantic-conference.com/. For more information on JustSystems, visithttp://www.justsystems.com/and the JustSystems XBRL Knowledge Center athttp://na.justsystems.com/xbrl. For additional perspectives, visit and subscribe to the JustSystems RSS blog feed athttp://na.justsystems.com/xbrl_blog, and follow Diane Mueller on Twitter at@XBRLspy.
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