TORONTO, March 29, 2010 /PRNewswire/ -- Clarity Systems, a leader in external reporting solutions, today announced the launch of the Clarity Systems Limited Edition SEC XBRL Mandate for Dummies guide. The book is designed to clearly and cleverly explain what can be a daunting topic: the requirements of the U.S. Securities and Exchange Commission's phased-in mandate for filing SEC submissions in the XBRL format.
By the middle of 2012, all domestic and foreign companies that are publicly traded in the United States must provide their SEC filings using the XBRL format, beginning with simple block tagging but progressing to more complex 'detail' tagging of financial information, including footnotes and schedules, said Mark Nashman, President CTO, Clarity Systems.
To assist external reporting professionals tasked with quickly and accurately assembling, tagging and filing their companies' external reports, this excellent reference document explains the basics of XBRL and demystifies the specifics of the SEC's mandate. Further, it reviews the various options for implementing XBRL tagging, including outsourcing to service providers; bolting on XBRL tagging engines and the deployment of an integrated XBRL solution. The guide ends with a comprehensive 'checklist' of features to look for in an integrated XBRL filing solution.
Copies of the book are available online by visiting http://www.claritysystems.com/secmandatefordummies or by request to rjordan(at)claritysystems.com. Attendees to Clarity System's user conference, Vision:10 (http://www.claritysystems.com/vision) will also receive a free copy of the book.
About Clarity Systems
Clarity Systems delivers software solutions to the Office of Finance. Our software helps large and mid-market organizations around the world improve their budgeting, planning, consolidations, scorecarding and management reporting processes, and also automates their external reporting processes to support the production of regulatory and statutory reports. Our unified applications help CFOs reduce risk while simultaneously improving operational efficiency. For more information, please visit our website at http://www.claritysystems.com or call us at 1-877-410-5070.
For further information: Dave Paolini, Communications Manager, Clarity Systems Limited, +1-647-242-1184, dpaolini@claritysystems.com
SOURCE: Clarity Systems Limited
CONTACT: For further information: Dave Paolini, Communications Manager,Clarity Systems Limited, +1-647-242-1184, dpaolini@claritysystems.com
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