20% of DOW 30 Now Pass 100% of Fundamental Accounting Concept Rules

Wednesday, May 28, 2014 at 03:41PM
Charlie in Becoming an XBRL Master Craftsman

Per SECXBRL.info 20% of the DOW 30 companies pass 100% of the fundamental accounting concept validation rules.  See the list here.

Of the 6 reporting entities which pass all of these validation criteria (DUPONT, 3M, Intel, GE, Microsoft, Cisco), two pass all for the first time in 2013 (DUPONT and Cisco).  You can see a comparison for 2011, 2012, and 2013 validation results here.

Half of the DOW 30 passes 90% or more of the fundamental accounting concept validation criteria.

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