List of 5 Star SEC XBRL Filings Grows to 92
Wednesday, March 3, 2010 at 01:10PM
Charlie in Creating Investor Friendly SEC XBRL Filings, General Information, Modeling Business Information Using XBRL, SEC XBRL filings, Tips, Tricks and Traps, US GAAP Taxonomy, US SEC, XBRL General Information

The list of SEC XBRL filings which has received my 5 Star Rating has now reached 92!

You can see the list of filings receiving my 5 Star Rating below and you can go to this web page to see the detail of the analysis. (Recall that last week I posted a blog entry stating that I had found 24 SEC XBRL filings to which I could assign a 5 Star Rating.)

 

Criteria for Receiving a 5 Star Rating

The following is a summary of the criteria for receiving my 5 Star Rating (For more details see this blog post):

  1. No XML, XBRL, or EFM syntax errors. This is indicated by having a "0" in Column 8 which is marked with "E" under "Edgar Filing Manual" on the XBRL Cloud validation report.
  2. Calculation consistent.  (i.e. no calculation inconsistencies reported during XBRL validation)
  3. Pass one basic business rule.  One business rule must be passed, basically checking for the existence of net cash flows and the reconciliation of the beginning and ending balance of cash.
  4. [Table]s must be correctly created. The [Table] structure must follow the US GAAP Taxonomy Architecture as specified.
  5. Extension concepts reasonable.  The extension concepts added must appear reasonable.  This is admittedly subjective, it would take a blatant error to be dinged for this, if everything else was satisfied.

Remember that this set of criteria is just a basic set of minimal criteria which an SEC XBRL filing should, in my view, meet at this stage of the game.  There are many other things which need to be considered in order to be considered a high quality filing.  See this blog post for more information.  This blog post relates to things accountants might need to consider.

 

Summary of Filings Analyzed and Analysis

The SEC XBRL filings which I analyzed were 10-K's and 10-Q's submitted between January12, 2010 and March 2, 2010.  Here is summary information about that set of filings.

While there were many filings doing well against one of the critera above, only 92 SEC XBRL filings did well against all 5 criteria.  Kudos to those 92 SEC XBRL filers!

 

Browsing These Filings

You can see the list of filings above, or you can view the filings by criteria here (these work best with a big monitor):

 

 

List of 92 SEC XBRL Filings Receiving a 5 Star Rating

This is the list of the names of companies which received my 5 Star Rating: 

 

Article originally appeared on XBRL-based structured digital financial reporting (http://xbrl.squarespace.com/).
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