Monthly Archives: January 2021

GameStop: A Timeline of Events

By | January 30, 2021
Hedge funds have lost an estimated $20 billion shorting GameStop in January. GameStop is at the center of a battle between the little guy and the big guy. The retail investor versus the institutional investor. David versus Goliath. As the drama continues to play out, I thought it would be prudent to include a timeline of all major events thus far...

Why Accountants Should Care About XBRL

By | January 10, 2021
In today’s digital age, it is more important than ever that accountants understand the techniques used to transmit financial information across the world. One such technique is called eXtensible Business Reporting Language (XBRL). Since its inception in 2003, XBRL has grown rapidly with the rise of electronic financial information. In 2018, the SEC adopted a phased timeline to transition companies to comply with Inline XBRL (IXBRL)...