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Financial reports: Why you need XBRL
Author(s) -
Burnett Royce D.,
Friedman Mark,
Murthy Uday
Publication year - 2006
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20229
Subject(s) - xbrl , business reporting , accounting , business , the internet , compliance (psychology) , face (sociological concept) , finance , computer science , world wide web , psychology , social psychology , social science , sociology
More companies are using the Internet to report accounting and financial information. Using eXtensible Business Reporting Language (XBRL) makes that job easier. But few CFOs know much about XBRL—or how it can relieve some of the reporting pressures they face. The authors discuss the basics of XBRL, how a CFO can evaluate it, and how XBRL can improve efficiency, cut costs, and guide regulatory compliance. © 2006 Wiley Periodicals, Inc.