• Register
Return to: Home > News > Corporate Finance > CFA Institute publishes study on the costs of structured financial data

CFA Institute publishes study on the costs of structured financial data

The CFA Institute has published The Cost of Structured Data: Myth vs. Reality highlighting that the potential benefits of using structured data have not been realised yet.

The authors argued that companies mostly see structured data and reporting as a cost burden, even though it can potentially improve the way financial information can be consumed by investors, regulators, and other users.

The study looked at the costs associated with the companies XBRL filings as well as going through several case studies to demonstrate the benefits of implementation. The report concluded that if companies bring structured reporting in-house rather than outside vendors, and implement inline XBRL so data is human and machine readable, then they can reduce the costs.

The study can be found here.

Top Content

    Addressing tax challenges and the digitisation of the economy

    As the economy becomes even more globalised through digital sources, the tax systems currently in place need to be scrutinised to examine whether they are still fit for current and emerging business models. Joe Pickard reports on the OECD’s approach to this issue.

    read more

    Primary financial statements: a game changer in reporting?

    International Accounting Standards Board chair Hans Hoogervorst delivered a speech at the Seminario International sobre NIIF y NIF, organised by the Consejo Mexicano de Normas de Información Financiera in Mexico. The Accountant presents the highlights.

    read more

    FASB readies standards for the netflix generation

    The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. Jonathan Minter reports.

    read more

    Brexit: why it takes two to tango

    Former TA editor Vincent Huck, now editor of Insurance Asset Risk, looks at why Brexit might unleash geopolitical intrigue in Europe’s accounting standard-setting scene – and why IFRS 17 will be an incredible source of opportunity for firms in the coming years.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.