|
|
This is only a preview of the paper
Click here to register and get the full text.
Existing members click here to login
|
|
|
XBRL stands for eXtensible Business Reporting Language that is a royalty-free, open specification for software that is XML based to describe financial statements for public and private companies. ... Since XBRL is based on the XML format XBRL is permitted to the automatic exchange and reliable extraction of financial information across all software formats and technologies, including the Internet which will dramatically speed up analyzing financial information. ... With XBRL being developed by a non-profit consortium consisting of over 170 leading companies, associations, and government agencies around the world and the way it makes analyzing financial information faster XBRL has a bright future ( O’Rouke 55).
XBRL is a relatively new software application with its beginning in April of 1998 when Charles Hoffman, a CPA with the firm Knight Vale and Gregory in Tacoma, Washington investigated the XML format for electronic reporting of financial information.
Approximate Word count = 553
Approximate Pages = 2.2
(250 words per page double spaced)
|
|
|
|
|
|