Calling All Developers - Learn About the XBRL Challenge and a Chance to Win $20,000

WASHINGTON, Aug. 1, 2011 /PRNewswire/ --

What: Every publicly traded U.S. company is now required to tag financial data according to a XML-based business reporting standard known as eXtensible Business Reporting Language (XBRL). The XBRL Challenge is a contest designed to spark innovative ideas for analytical applications that consume XBRL financial statement data.  The Challenge provides a unique opportunity to get educated on XBRL, a technology standard that's coming into widespread use and includes a grand prize of $20,000 for the individual, team, or company who creates the most inventive and useful application to leverage XBRL data.

Anyone interested in becoming a contestant may attend the webinar to learn more about:

• The XBRL Challenge requirements and deadlines
• XBRL technical specifications and requirements
• Resources available to developers for the contest
• How to interact with XBRL US and other entrants

When: Wednesday, August 3, 2011 from 1 – 2 PM ET

How: Register for the webinar at http://xbrl.us/challenge and click on the "online meetup" link on the right.

Who: XBRL US, Inc.

For more information, "Like" the XBRL Challenge on Facebook.

Web site: www.xbrl.us.

About XBRL US
XBRL US is the non-profit consortium for XBRL business reporting standards in the U.S. and it represents the business information supply chain. Its mission is to support the implementation of XBRL business reporting standards through the development of taxonomies for use by U.S. public and private sectors, with a goal of interoperability between sectors, and by promoting XBRL adoption through marketplace collaboration. XBRL US has developed taxonomies for U.S. GAAP, credit rating and mutual fund reporting under contract with the U.S. Securities and Exchange Commission and is developing a taxonomy for corporate actions. For more information, go to xbrl.us.

SOURCE XBRL US