Title: Xbrl

Essay Details

Subject: Technology
Author: Claudette M
Date: January 14, 2015
Level: University
Grade: B
Length: 4 / 1140
No of views: 0
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Essay text:

It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data. The idea behind XBRL, eXtensible Business Reporting Language, is simple...

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The idea behind XBRL, eXtensible Business Reporting Language, is simple. Instead of treating financial information as a block of text - as in a standard internet page or a printed document - it provides an identifying tag for each individual item of data. This is computer readable. For example, company net profit has its own unique tag...

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