Xbrl

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Pre-written Papers:

Title: Xbrl

Essay Details:

Subject: Technology

Author: Claudette M

Date: January 14, 2015

Level: University

Grade: B

Length: 4 / 1140

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. 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. The introduction of XBRL tags enables automated processing of business information by computer software, cutting out laborious and costly processes of manual re-entry and comparison...

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