Fundamental Financials defines a set of data elements in a given business-reporting context, such as U.S. GAAP or international accounting standards. It is a description and classification system for the contents of financial statements and other business reporting documents. The system provides in-depth financial information for all publicly traded US companies. Financial data is re-arranged in pre-specified standard format (US GAAP) so as to enable the investor to compare the performance of the company across other companies in the same industry. The raw data is captured from the SEC EDGAR filings of all publicly traded US companies. It’s a controlled set of strings and relationships that provides standard descriptions for the data elements used in business reporting. String is the line item, which is taken from the Financial Statements like Balance Sheet, Cash Flow and Income Statement. This string extraction is done by the System through Programming.

It’s a controlled set of string and relationships that provides standard descriptions for the data elements used in business reporting. String is the line item, which is taken from the financial Statements like Balance Sheet, Cash Flow Statement and Income Statement. This string extraction is done by the System through Programming. The basic Financial Statements are:

• Income Statement
• Balance Sheet
• Statement of Cash Flows

XBRL streamlines the financial information supply chain that includes public and private companies, the accounting profession, data aggregators, the investment community and all other users of financial statements. XBRL offers benefits like:

• Technology independence,
• Full interoperability,
• Efficient preparation of financial statements and
• Reliable financial information.

Key Highlights

• Fundamental Financials is compatible with any type of Dataset and Financial statements.
• The project provides in-depth financial information for all publicly traded US companies.
• The raw data is captured from the SEC EDGAR filings of all publicly traded US companies.
• Financial data is re-arranged in pre-specified standard format, as defined in the Dataset which can be a Standard Dataset (e.g. XBRL), Non-XBRL Dataset (e.g. Thomson Dataset) or any International Dataset (e.g. French), so as to enable for accurate comparisons across companies and for within various financial periods for a same company.
• Data availability – Quickest in the entire Industry.
• Segregation on the basis of SIC code.