Abstract

The Securities and Exchange Commission (SEC) has upgraded the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, to the Interactive Data Electronic Applications (IDEA) platform, or the Next-Generation EDGAR (New EDGAR). The SEC issued its final mandate for XBRL adoption and the conversion target dates for all firms in January 2009. With this conversion, users can retrieve the financial statement information of listed companies at both the document level and data element level. This chapter reviews the fundamental concepts of XBRL and reports on the current compliance status of the SEC XBRL conversion mandate. The main task is to demonstrate how to retrieve data from the New EDGAR and how to process the data with Microsoft Excel 2010.

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