answersLogoWhite

0

Most companies used financial printers for the first year of their mandatory US SEC filings.

Pros: As a whole, the financial printers AS ORGANIZATIONS work with many companies and have broad corporate knowledge of XBRL filings; they have done this before and can bring that experience to your filing.

Cons: Most financial printers have to bring on new people to handle the growth from 500 - 1700 - 10,000 filers, so you may not have an experienced person helping you. Many financial printers do not have the knowledge of GAAP necessary or the company's own financials to properly do the mapping. Some of them are simply misrepresenting the amount of work companies have to do - "less than 8 hours total" is simply wrong. Many financial printers are making concessions to limitations in their software leading to bad XBRL. Outsourcing in Year 1 is one thing (300 - 500 data points); outsourcing in Year 2 (800 -20,000 facts) is very difficult. Financial printers require a multi-day turnaround period for changes and are asking for 4 - 10 day pencils-down periods.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

What are the downsides of using Facebook?

there isn't


What are the downsides of using an amplifier for one's car audio system?

There are many downsides of using an amplifier for one's car audio system. Some downsides for using an amplifier for one's car audio system includes bothering those around them due to the noise and harming one's ears.


Is there a downside to using white powder gold as a supplement?

Almost all supplements have both benefits and downsides. So yes, there can be downsides to using white power gold. You should check with your doctor to see what he recommends.


Are there any major downsides to using the HSBC premier banking?

The major downsides to using the HSBC premier bank is that it is new and the funding isn't all there. Also, the bank has high interest rates for borrowing and low rates for saving.


Can you print on cardstock using a normal printer?

Yes, you can print on cardstock using a normal printer as long as the printer is compatible with the thickness of the cardstock.


Can you print on cardstock using a regular printer?

Yes, you can print on cardstock using a regular printer as long as the printer is compatible with the thickness of the cardstock.


What are the downsides to using copper wire?

It costs a lot more than some metals.


What are examples of sentences using the word divergent?

Ask ten economists how to deal with the financial crisis and you will receive divergent solutions and views.


How does one configure a matrix printer?

A matrix printer can be configured by using ESC or another ASCII code. The configuration of the printer is then taken care of on the printer itself using the menu buttons.


What is remote printer?

remote printer is these printer we can connect to many computer by using wireless comunication is called remote printer


What can happen Using the wrong type of paper or using wrinkled or torn paper in a printer?

It will jam the printer


How do you attach a network printer to a standalone computer?

Someone can attach a network printer to a standalone computer by using a USB connection. Using a cord to attach the printer to the computer, then installing the printer software, someone can then use the printer from the computer.