Last month the Securities & Exchange Commission (SEC) launched its Financial Explorer software tool that's designed to help investors analyze the financial results of public companies quickly and easily. Found on the SEC Web site, Financial Explorer paints the picture of corporate financial performance with diagrams and charts using financial information companies have provided to the SEC as interactive data in eXtensible Business Reporting Language (XBRL). In addition to Financial Explorer, the SEC offers investors two more online viewers at the same Web address: the Executive Compensation viewer and the Interactive Financial Report viewer. The SEC says that its interactive data initiative is designed to make financial information more accessible, more understandable, and more useful for investors.
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