White Papers

Microsoft and Rivet Software Work Together to Pioneer Streamlined XBRL-Based Financial Reporting for SEC

• Tags:
• employees,
• microsoft office,
• xbrl,
• corporation

Overview On February 3, 2005, the U.S. Securities and Exchange Commission (SEC) announced that it would begin accepting corporate financial reports tagged with Extensible Business Reporting Language (XBRL). Always seeking to maintain its leadership in financial best practices, Microsoft Corporation chose to participate in the voluntary filing program. It needed a solution that would enable its employees to quickly create XBRL-formatted reports from within the familiar Microsoft Office tools they already used. To convert its Form 10-Q into XBRL, Microsoft worked with Rivet Software. Rivet's product enabled Microsoft employees to tag financial documents in XBRL directly from within Microsoft Office Word and Microsoft Office Excel.

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