ID Number: G00234222



CFOs Must Continue to Focus on XBRL and IFRS, Gartner FEI CFO Study Finds
3 July 2012
 
John E. Van Decker  

We analyze the lack of attention to XBRL and International Financial Reporting Standards projects in IT organizations, per our 2012 FEI Technology Study. Most organizations take a minimal approach to XBRL, and miss opportunities to improve internal reporting and address IFRS.





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Table of Contents

Contents
  • Survey Objective
  • Data Insights
    • Meeting XBRL Reporting Requirements, and More Use of Disclosure Management Tools
    • Most CFOs Plan to Use XBRL for External Reporting Only
    • Organizations That Use Disclosure Management Software See a Decrease in Financial Statement Preparation Time
    • Cost Improvements With Disclosure Management Apps Not a Major Benefit
    • Start an IFRS Program Now, or Risk Failure to Meet Deadlines
    • More Organizations See IT as Having a Role in IFRS Projects
    • The Projected Impact of IFRS on Enterprise Business Applications
    • Bottom Line
  • Methodology
  • Recommended Reading
Figures
Figure 1.
Plans to Meet XBRL for Regulatory Reporting
Figure 2.
The Finance Organization's Top Three Technology Initiatives for 2012
Figure 3.
Organizations' Current and Planned Use of XBRL Information
Figure 4.
How Disclosure Management Solutions Impact Preparation Time
Figure 5.
How Disclosure Management Solutions Impact Costs
Figure 6.
Time Frames for Organizations Implementing IFRS
Figure 7.
IT's Role in IFRS
Figure 8.
Impact of IFRS on Business Applications




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Resource Id: 2071415