Tuesday, February 5, 2008

Corporate Reporting on the Internet - Company Perspective

According to Microsoft, the new Investor Central website will help investors better understand its business strategies and financial results. The site takes advantage of new technologies (like XBRL). It also allows users to click on many of the line items in the financial statements for additional information, and to move back and forth easily between views. Microsoft is participating on the SEC Advisory Committee on Improvements to Financial Reporting, which has the task of identifying ways to improve the transparency of corporate financial reporting.