April 2011 news

2011-04-01T11:22:00.001-07:00

April 2011,

Most of you got the 10K’s done for fye 12/31. Lots of you gave us your files only a day or two ahead of the deadline. When XBRL kicks in, we will need your files a week in advance.

For those of you who have already contacted us about XBRL, we’ll be updating your mapping with the 12/31 financial information and getting that out to you hopefully all by the end of April. For those of you who haven’t – please do so NOW!! We will not map you unless we have your approval to start and your prepayment.

Per the XBRL rules, SEC registrants[third wave] need to file XBRL exhibits with their first QUARTERLY filing which is due on or after 6/15/2011. Block tagging of notes is allowed.

Detail tagging of notes is required with a company’s first FISCAL filing of any document for a period ending on or after 6/15/2012.

Therefore, below is the schedule of block vs. detail tagging for every fiscal year end starting with 9/30/2010 which is the first applicable fiscal year end affected by these rulings.

FYE	1st Block	Block	Block	Block	1st Detail

9/30/2010	6/30/2011 Q	9/30/2011 K	12/31/2011 Q	3/31/2012 Q	6/30/2012 Q
10/31/2010	7/31/2011 Q	10/31/2011 K	1/31/2012 Q	4/30/2012 Q	7/31/2012 Q
11/30/2010	8/31/2011 Q	11/30/2011 K	2/29/2012 Q	5/31/2012 Q	8/30/2012 Q
12/31/2010	6/30/2011 Q	9/30/2011 Q	12/31/2011 K	3/31/2012 Q	6/30/2012 Q
1/31/2011	7/31/2011 Q	10/31/2011 Q	1/31/2012 K	4/30/2012 Q	7/31/2012 Q
2/28/2011	8/31/2011 Q	11/30/2011 Q	2/29/2012 K	5/31/2012 Q	8/31/2012 Q
3/31/2011	6/30/2011 Q	9/30/2011 Q	12/31/2011 Q	3/31/2012 K	6/30/2012 K
4/30/2011	7/30/2011 Q	10/31/2011 Q	1/31/2012 Q	4/30/2012 K	7/31/2012 Q
5/31/2011	8/31/2011 Q	11/30/2011 Q	2/29/2012 Q	5/31/2012 K	8/31/2012 Q
6/30/2011	9/30/2011 Q	12/31/2011 Q	3/31/2012 Q		6/30/2012 K
7/31/2011	10/31/2011 Q	1/31/2012 Q	4/30/2012 Q		7/31/2012 K
8/31/2011	11/30/2011 Q	2/29/2012 Q	5/31/2012 Q		8/31/2012 K

Regular due dates apply however, 1^st time block or detail are allowed a 30 day extension to file their XBRL exhibits (with an amended filing).

Any filing with a fiscal period ending after 6/15/2012 that contains financials (as defined) must include XBRL exhibits whether that be a 10-Q, 8-K, S-1, etc.

Dates to remember in April:

4/15 – extended 12/31 K due date

4/18 – First night of Passover

4/24 – Easter

There are no SEC holidays in this month

Have a great weekend!

XBRL and Securities and Exchange Commission (SEC)

2011-01-05T11:42:00.000-08:00

XBRL.US is the consorteum that developed the XBRL taxonomies (library of terms) that are used to map company financials. Per XBRL.US, as of January 2011, 4,853 files have been uploaded with 25,475 errors!! - that's a whole lot. (http://xbrl.us/Pages/default.aspx). Those errors comprise using outdated concepts, calculation errors and mostly, reporting negative values which should have been positive. The good news for all of you is that PublicEase is on top of this and because of our accounting knowledge, we are ahead of the game and understand the concepts and process to convert to XBRL.

To see what the taxonomies look like, go to http://xbrl.us/taxonomies/Pages/US-GAAP2009.aspx, on the right side, click on Commerical and Industrial taxonomy. A new page will load. Click on any one of the Statements or Disclosures on the left and everytime you see a + sign, click on it to drill down. If you click on a concept, the definition will appear on the right. These are the concepts we're mapping to your financials.

The initial conversion process takes us 15-20 hours. If you have not contacted us, please do so ASAP. This is not something you can wait on.

Edgar & XBRL Filing Agent

April 2011 news

XBRL and Securities and Exchange Commission (SEC)