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Essentials of XBRL
 
Full of valuable tips, techniques, illustrative real-world examples, exhibits, and best practices, this handy and concise paperback will help you stay up to date on the newest thinking, strategies, developments, and technologies in XBRL.

 

 

 

 
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XBRL

 

XBRL (eXtensible Business Reporting Language) is a language for the electronic communication of business and financial data that is set to revolutionize business reporting around the world. 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. It is an open standard, free of license fees, being developed by a nonprofit making international consortium. 

 

XBRL is a member of the family of languages based on XML, or Extensible Markup Language, which is a standard for the electronic exchange of data between businesses and on the Internet. Under XML, identifying tags are applied to items of data so that they can be processed efficiently by computer software.

 

The rich and powerful structure of XBRL allows very efficient handling of business data by computer software. It supports all the standard tasks involved in compiling, storing, and using business data. Such information can be converted into XBRL by suitable mapping processes or generated in XBRL by software. It can then be searched, selected, exchanged, or analyzed by computer, or published for ordinary viewing.