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Day: June 8, 2009

Yooba Releases CMS for Flash

Yooba Ltd announced the full commercial availability of its online Flash creation and management system, Yooba. Yooba is a content management system (CMS) specially designed for Flash website content creation. As with CMSs for static content, Yooba puts full creative power over Flash, right down to the object level, but without the need for programming skills, into the hands of editors and others responsible for site content origination and maintenance. As a Software-as-a-Service (SaaS) application, there are no licensing issues with Yooba and users are always working with the latest version. The SaaS structure also gives full scalability on pricing, to suit anyone from individual professionals to enterprise companies. Once content is created, Yooba simplifies the scheduling and publication of created and edited material. This is carried out through Yooba’s graphical admin dashboard, which gives users total control of Flash objects within a website at a glance, making it easy to update and change them as frequently as information and sales campaigns require. http://www.yooba.com/

This just in…. 2009 US GAAP XBRL taxonomies but not until July 22nd

The SEC has finally announced what will be happening regarding the use of US GAAP taxonomies for its mandatory XBRL program.  The following was posted on the SEC website today:

** The US GAAP 2009 Taxonomies are in the process of being loaded into the EDGAR system and will be available for use on July 22, 2009. We strongly encourage companies to begin working with this new taxonomy now — it is publicly available at .

Companies should use the latest available taxonomy for their entire fiscal year. However, due to the timing of the US GAAP 2009 taxonomy being made available, companies will be permitted to use the U.S. GAAP 1.0 taxonomy in their first required submission before switching to the US GAAP 2009 taxonomy.

This creates a very interesting dilemma for companies under the gun for the first round of filings.  Do they create returns with an obsolete taxonomy (the 2008 US GAAP taxonomy) or wait until July 22 to file with the SEC?  I wonder how this will affect companies who want to send their second quarter returns into the SEC prior to July 22nd.  If they do file with the 2008 taxonomy as permitted (see above) will their filing be comparable with companies who wait and use the 2009 taxonomy?  Will they file amendments to the filings to update to the 2009 taxonomy?  Oh so many questions.  I cant wait for the SEC’s webcast on Wednesday.