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Crossfire Preparer
fully supports the US-GAAP 2009 XBRL Taxonomy
On April 21, 2009, XBRL US released the 2009 edition of the
SEC accepted US-GAAP taxonomy for XBRL (interactive data tags).
In the third quarter of Fiscal Year 2009, it is anticipated that
EDGAR Release 9.15.2 will upgrade to 2009 US GAAP Taxonomy from
the existing US GAAP Taxonomy and that the US GAAP Beta 2.0
Taxonomy will no longer be supported. Refer to the
Edgar Manual
for more details.
Crossfire Preparer is a web-delivered
collaborative document conversion and XBRL tagging solution
This is the solution designed to shield preparers from the
complexity of XBRL. Many potential filers are concerned by the
daunting XBRL learning curve, and the consequential time and
effort required to prepare Interactive Data filings. Crossfire
Preparer provides a friendly drag and drop environment that is
comfortable for non-technical users.
Crossfire Preparer separates the roles of template designer
(usually a technical analyst who understands XBRL concepts and
taxonomies) and document preparer (usually a non-technical
accountant or admin person). The document preparer, who will
become the regular user of the templates, is never exposed to
XBRL concepts such as taxonomies, elements, or dimensions. In
order to keep the creation and filing process as simple as
possible, Crossfire Preparer has a feature that
uses web based workflow. This feature controls the movement
of documents between people and from one period to another. It
also provides a comprehensive audit trail by tracking
changes to all documents.
Crossfire Preparer employs a new and unique user interface,
but much of its internal processing is powered by Dragon Tag.
This foundation provides Crossfire Preparer with the maturity
and stability of a widely used and well-tested product.
Crossfire Preparer is designed for any business that needs to
manage compliance with SEC XBRL filing requirements. Crossfire
Preparer supports every stage of the compliance process
including:
- Getting the latest taxonomy and keeping it updated.
- Adding taxonomy extensions (but only if you must) to
accommodate business-specific quirks.
- Designing a tagging template to suit your financial
statement formats.
- Tagging your set of financial statements by
drag-and-tag.
- Checking that the tags you are using are appropriate by
comparing your use to that of other SEC filers.
- Reviewing your filing pre-submission to make sure the
numbers and presentation looks right.
- Submitting your filing to the SEC.
- Publishing your filing to your website so all your
information stakeholders can view it.
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