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SimpleX's Client Adobe Named One of the Top Model Companies According to a Study of the XBRL Filings Made With SEC.


FREMONT, Calif. -- SimpleX Data Technologies' XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts.  client Adobe Systems Adobe Systems Incorporated (pronounced a-DOE-bee IPA: /əˈdoʊbiː/) (NASDAQ: ADBE) (LSE: ABS) is an American computer software company headquartered in San Jose, California, USA.  Incorporated is named one of the model companies in terms of both quantity and quality of its XBRL filings, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a study(1) of the XBRL documents filed as part of the Voluntary Filing Program (VFP See Visual FoxPro. ) of the SEC.

The study examined 97 XBRL filings made with the SEC EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king.  database and concluded that only 41 of the filings were valid and conforming to the latest XBRL Specification 2.1 standard. The study examined the filings based on several key factors including formation of XBRL, Technical validation See validate.

validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements.
, Calculation validation, Taxonomy taxonomy: see classification.
taxonomy

In biology, the classification of organisms into a hierarchy of groupings, from the general to the particular, that reflect evolutionary and usually morphological relationships: kingdom, phylum, class, order,
 Versioning, etc. Since the SEC's VFP program started in early 2005, Adobe has made 6 consecutive quarterly filings, all of which are fully validated val·i·date  
tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates
1. To declare or make legally valid.

2. To mark with an indication of official sanction.

3.
 and compliant with the specification, the study noted.

"Adobe is pleased to be contributing to the development of a top-quality XBRL reporting standard. SimpleX Data Technologies has been a valuable resource, helping to ensure the quality of our filings made under the SEC's Voluntary Filing Program," said Danica Joseph, SEC Reporting Manager for Adobe.

"We are extremely happy to be able to assist our clients like Adobe Systems with their XBRL filing efforts," said Jay Chandran, Senior Partner of SimpleX Data Technologies. "Our client Adobe Systems being named one of the 'model companies' recognizes the high quality of our XBRL service. This is indeed a milestone for our company and we are very proud of it. We will continue to provide the same high-quality service to all our clientele so they all make the 'model XBRL filers' list," Jay added.

About SimpleX Data Technologies

SimpleX, a member of XBRL-US consortium, offers XBRL solutions to companies that wish to publish their financial statements in XBRL. SimpleX has developed Tagezee[TM] that it uses to create instance documents and taxonomy extensions using XBRL specification 2.1. For more information, please visit www.simplexdtech.com

(1) "How Valid Are They? - An Examination of XBRL Filing Documents with the SEC EDGAR," presented by Mr. Kuo-hua Chou, Department of Accounting at the National Pingtung Institute of Commerce in Taiwan at the 14th XBRL International conference held in Philadelphia in December 2006. Copy of the study and the presentation can be obtained from the Track Session Presentations section in this link- http://www.xbrl.org/PhiladelphiaPresentations. Mr. Chou has made several presentations at other leading conferences as well. He has been running an online XBRL Teaching & Learning center for three years, and it is very popular in the Greater China area. (The website is: http://www.ais.npic.edu.tw/xbrl/index.html.). He is also an active participant in the review work of several XII technical documents, including the Dimensions 1.0 specification, GL 2006 taxonomy, and Versioning specification.
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Publication:Business Wire
Date:Jan 23, 2007
Words:458
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