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Monday, August 21. 2017

SEC Issues Updates to Interpretive Guidance on Revenue Recognition

The SEC has issued two releases regarding revenue recognition with an additional Staff Accounting Bulletin released by the SEC staff to update interpretive guidance regarding revenue recognition.

Continue reading "SEC Issues Updates to Interpretive Guidance on..." »
Posted by
The Novaworks Team
in SEC at 09:13

Friday, August 18. 2017

LDC #48: Improved Align Outline Text Function

This week we’re revisiting the Align Outline Text script from LDC #41, to show how an existing script can be expanded upon to add new functionality. The original version of this script made a set of assumptions, which means it works really well for our sample test file, but there are many other cases where these assumptions are false, and the script doesn’t do anything to fix our problem. The original purpose was to examine paragraphs, try to identify the lead-in text (the “(a)”, or “1.”, or “Section 1.”, etc), and wrap it with a <FONT> tag with properties to cause it to render with a fixed width instead of relying on non-breaking spaces to make it appear spaced. Instead of looking for a very specific type of spacer, like the last script did, we can use the Word Parser in Legato to step through the lead-in word by word, examining each one, to determine how many characters appear before the first set of non-breaking spaces. This is a lot more flexible, and lets our script react better to unforseen types styles of paragraphs.


Continue reading "LDC #48: Improved Align Outline Text Function" »
Posted by
Steven Horowitz
in Development at 15:57

Thursday, August 17. 2017

XBRL US Offers Second IFRS Taxonomy Deep Dive Webinar

XBRL US will be offering a second IFRS Taxonomy Deep Dive Webinar on August 23rd at 3:00 PM EST. This webinar will cover the IFRS Taxonomy and SEC rules requiring foreign private issuers to file their financials in XBRL format.

Continue reading "XBRL US Offers Second IFRS Taxonomy Deep Dive..." »
Posted by
The Novaworks Team
in Events, IFRS Taxonomy, SEC Filing Help, XBRL at 11:30

Friday, August 11. 2017

LDC #47: Using Legato To Alphabetize a List

Everyone knows how to put things in alphabetical order; it’s one of the first things we learn in grade school. Well, just because it’s easy doesn’t mean we want to do it ourselves sometimes! 13-F’s Information Table, for example, would be pretty time-consuming to have to alphabetize manually. Using the SortTable function, we can sort any table quickly and easily. While there’s no SEC requirement to do so, it makes it a lot easier for readers to view if the information table is alphabetized by Issuer Name. Legato provides powerful tools to make this mundane task simple and automatic.


Continue reading "LDC #47: Using Legato To Alphabetize a List" »
Posted by
Steven Horowitz
in Development at 18:04

Wednesday, August 09. 2017

Comment Period Opened for Proposed Update to the IFRS Taxonomy

The International Accounting Standards Board (IASB) has published their Proposed Update 1 to the IFRS taxonomy. These updates pertain to IFRS 17 Insurance Contracts. A public comment period has begun and will end on September 18th, 2017.

Continue reading "Comment Period Opened for Proposed Update to..." »
Posted by
The Novaworks Team
in IASB News, IFRS Taxonomy, SEC, XBRL at 11:54

Friday, August 04. 2017

LDC #46: Persistence... Do you have what it takes?

For the most part, scripts are used to make things easier for the user. Why search and replace in HTML code to fix a common problem when you can write a script that does it for you? This reduces the chances of human error as the script runs in a predictable fashion. These quick operations usually just take input and produce some output, but what do you do when you want a script to guide a user through a process? Do you let the user stop in the middle of the process? If so, does your script remember the user’s position so they can pick up where they left off? This week we are going to discuss state persistence.

Continue reading "LDC #46: Persistence... Do you have what it takes?" »
Posted by
David Theis
in Development at 11:19

Friday, July 28. 2017

LDC #45: Administrative Rights

One of the challenges of developing software in a Windows environment is dealing with user permissions. If a user can’t access a file, that can bring your script to a grinding (and sometimes unexpected) halt. Understanding what a user can and cannot do is crucial to avoiding this scenario and ensuring only files to which the user has access are available for reading, writing, and executing. Today we’re going to take a look at a look at how Legato can help you determine what permissions a user has and ensure those file permissions don’t inappropriately interfere with your script’s proper execution.

Continue reading "LDC #45: Administrative Rights" »
Posted by
Joshua Kwiatkowski
in Development at 12:18

Wednesday, July 26. 2017

XBRL US Data Quality Committee Presents Fifth Rule set for Public Review

The XBRL US Center for Data Quality has begun a public review period on July 19th, 2017, for the fifth set of proposed rules to provide guidance and aid for issuers in identifying errors in their XBRL SEC filings. The Data Quality Committee rules aim to help filers limit mistakes and avoid data inconsistencies that can adversely affect analysis of reported financial information.

Continue reading "XBRL US Data Quality Committee Presents Fifth..." »
Posted by
The Novaworks Team
in Data Quality Committee, SEC Filing Help, US GAAP Taxonomy, XBRL at 10:22

Friday, July 21. 2017

LDC #44: Mapped Text Objects: Power in Editing Text

Editing text is the foundation of many computer applications, and there are a lot of ways to access and manage textual data and the editing process. As a user changes text, characters and lines of data must be altered, deleted, or inserted, which in turn requires potentially large swaths of data be shifted to accommodate the changes. As you might imagine, actions like these can become extremely cumbersome and time consuming. In addition, there are times you might want to randomly access a data within a text file, say by a line. If we have a large chunk of text in memory or a file and we want to go to line 3017, the program would have to count line endings from the start of the data until it reached the 3017th link. Yuck! Let’s see what Legato can do to help managing text as it’s edited.

Continue reading "LDC #44: Mapped Text Objects: Power in Editing..." »
Posted by
Scott Theis
in Development at 17:41

Monday, July 17. 2017

SEC Releases EDGAR 17.2

On July 17, 2017, EDGAR 17.2 was released by the Securities and Exchange Commission. This release contained changes that added new fields to a number of forms that designate whether a registrant is an Emerging Growth Company and to inform the SEC as to whether the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards. Other changes affect a number of forms, including Form D, Form CFPortal, Form 17HACON, and the exhibit document for Form ABS-EE.

Continue reading "SEC Releases EDGAR 17.2" »
Posted by
The Novaworks Team
in EDGAR News, SEC at 12:48

Friday, July 14. 2017

LDC #43: Character Entity Spacing Issue When Printing

Last week, our support desk here at Novaworks received an interesting email regarding the spacing between ampersand characters (‘&’) and the rest of the line. This space was lost when the document was printed. Through some testing, we’ve discovered that when printing a document from Internet Explorer to PDF or a normal printer, if the first character on a line of code begins a character entity or is an ampersand then the return on the line above it will not be treated as whitespace for printing purposes but instead ignored. Take the following code for example:

Continue reading "LDC #43: Character Entity Spacing Issue When..." »
Posted by
Steven Horowitz
in Development at 11:50

Thursday, July 13. 2017

Forms N-1A, N-3, and N-CSR: New Changes Require Funds To Describe Securities Lending Activities

On August 1, 2017, new rules that require funds to describe their securities lending activities will go into effect.

Continue reading "Forms N-1A, N-3, and N-CSR: New Changes Require..." »
Posted by
The Novaworks Team
in EDGAR News, SEC, SEC Filing Help at 11:48

Friday, July 07. 2017

LDC #42: Unregistering and Changing Software Keys

There are times when it may be desirable or necessary to change GoFiler’s software key or unregister it from your system. There’s no easy way to do this through the application’s GUI. One can always uninstall the software or reinstall it to apply a different key than the one attached to the current installation, but that’s time-consuming and can destroy GoFiler preferences and settings you’d like to keep. With Legato and some batch scripting, changing the software key for a GoFiler installation or unregistering the application is simple. Note: whatever software key you apply to your installation must be valid, and a valid key can only be purchased through Novaworks. Contact the support or sales departments to inquire about the status of your software key(s) or to purchase new or additional keys.

Continue reading "LDC #42: Unregistering and Changing Software Keys" »
Posted by
Steven Horowitz
in Development at 13:40

Thursday, July 06. 2017

SEC Expands JOBS Act Benefit to All Companies

On June 29, 2017, the SEC’s Division of Corporation Finance announced that it will permit all companies to submit draft registration statements relating to initial public offerings for review on a non-public basis. In addition to IPOs, this process will be available to most other offerings made during a company’s first year after entering the public reporting system.

Continue reading "SEC Expands JOBS Act Benefit to All Companies" »
Posted by
The Novaworks Team
in SEC at 16:37

Friday, June 30. 2017

LDC #41: Align Outline Text

The script for this week is going to be another request by a customer. It is a good example of how to search for patterns in HTML and replace the content matching that pattern. A common task when converting an HTML document is trying to get indented paragraphs to indent at the same level. This is especially problematic when the document contains numbered paragraphs that are not hanging (such as a legal outline.) Dealing with this case isn’t exactly trivial in HTML, as it often imports with a set number of non-breaking spaces to create the indent. Unless you’re using a monospace font, the text will not perfectly align, and the outline will not look the same for every number. The best solution is to remove the non-breaking spaces, and wrap the lead-in text (the “(a)”, or “1.”, or “Section 1.”, etc) with a inline tag, using the display type “inline-block”. This, combined with a fixed width and “nowrap” properties, allows us to add a block of space that is a fixed width into a paragraph, so our lead-in text takes up exactly the right amount of space.

Continue reading "LDC #41: Align Outline Text" »
Posted by
Steven Horowitz
in Development at 16:31
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