AICPA PFP Member Benefit: EDGAR Online 25% discount

EDGAR Online has created I-Metrix to facilitate public company research. I-Metrix provides a complete picture of company information including public offering details, SOX compliance, stock prices, insider trading, company news, and more. I-Metrix pulls financial statement data from 10K, 10Q, and 8K filings, adds XBRL tags to each line item, and delivers the data through Excel and web browsers.  XBRL, a new global data standard for financial reporting transforms blocks of text into interactive data by providing an identifying tag for each line item of data. For example, “Net Income,” “Short Term Investments,” or “Retained Earnings” have unique tags.

I-Metrix eliminates the manual cutting and pasting or re-keying of data that can be the source of costly errors and a huge impact on productivity.

AICPA Member Only Offer

I-Metrix Benefits

·         Data Timeliness – In many environments the time between financial statement publication and data availability is a minimum of one week, EDGAR Online has reduced this timeframe to several hours.

·         Consistency – Utilizing an automated vs. a manual workflow ensures that data is consistently tagged period to period. Changes in resources do not effect the quality of the data.

·         Verification – Data can always be verified to the source document by the analyst, providing them with the comfort level they require.

·         Analysis Efficiency – The deliver of information directly into Microsoft Excel or internal applications reduces the time the analyst spends finding and formatting the data, enabling them to dig deeper into the numbers.

XBRL and PFP Practitioners

The role of XBRL in business reporting is growing, Dick Fohn, chair of the AICPA PFP Executive Committee, wrote in a recent chair letter to PFP section members. As a result, he advised, “it is increasingly important for us as trusted business advisors to educate ourselves about XBRL and XBRL-enabled tools so that we can keep our PFP practices current with methodologies that can enhance our services and value to our clients.” A Journal of Accountancy article describes XBRL and explores United Technologies’ experience as an early adopter, including common misconceptions on cost and the benefits available.

PFP Resources

AICPA Member Only Offer

I-Metrix Brochure

Replay of the EDGAR Online/PFP I-Metrix Webinar

In addition to the special offer for I-Metrix, the AICPA has negotiated a 25% discount for our members in connection with EDGAR Online’s EDGAR Pro product. Product features and price points are detailed on the price grid.