The implementation of standardized financial reporting is a hot topic in today’s global marketplace. On September 7, Ariel Markelevich, associate professor of accounting at the Sawyer Business School, will share his expertise on the issue during the live Knowledge Congress Webcast Series.
From noon until 2:00 p.m. (EST), Markelevich will discuss the latest developments and challenges of integrating cloud computing in eXtensible Business Reporting Language (XBRL) software. He plans to focus on ways companies can take advantage of the XBRL requirement.
“Companies should embrace the change to XBRL and use it to improve the production and flow of information inside and outside the company. Companies can leverage the need to produce XBRL data for external reporting and use the data for internal, managerial purposes,” Markelevich said.
Other panelists will include Hudson Hollister, the founder and executive director of the Data Transparency Coalition, and Paul Snijders, co-founder and vice chair of the Dutch jurisdiction of XBRL International. The webcast, designed for Certified Public Accountants (CPAs), compliance professionals, chartered accountants, and finance executives, will also offer valuable information about XBRL best practices and management.
Markelevich is a member of the Institute of Management Accountants XBRL Advisory Committee and the director of the structured data lab at Suffolk University’s Center for Business Complexity and Global Leadership. Markelevich is especially interested in learning about the global implementation of XBRL and the impact of adopting both international financial reporting standards (IFRS) and XBRL.
Markelevich brings a uniquely global perspective to the accounting department. Born in Chile and raised in Israel, Markelevich came to the U.S. over a decade ago to pursue his PhD at City University of New York’s Baruch College.
In 2009, he took advantage of his experience in Israel to study the impact of that country’s recent shift to IFRS. Along with Department Chair Lewis Shaw, Markelevich studied what happened in Israel when companies changed the way they reported values. Although they found some disparities between the XBRL and original filings, Markelevich and Shaw consider it to be the future of accounting.
Register for the webcast today.