Extensible Business Reporting Language
Essay by Maxi • September 19, 2011 • Case Study • 410 Words (2 Pages) • 1,775 Views
eXtensible Business Reporting Language
XBRL is an interactive data language used in financial reporting.
The SEC has been instrumental in moving financial reporting in the direction of XBRL.
Elements of financial statements and disclosures are tagged and assigned to pre-defined terms which allows flexibility in the retrieval of data relative to a company's financial position.
XBRL is user friendly and can be viewed in spreadsheets or readily available software
Securities Act Registration Statements containing financial statements including Forms S-1, S-3, S-4, F-9, F-10, S-11, F-1, F-3, and F-4.
*Quarterly Reports on Form 10-Q.
*Annual Reports on Forms 10-K, 20-F, 40-F.
*Transition Reports on Forms 10-Q, 10-K, and 20-F.
Foreign large accelerated filers that use US GAAP and have a worldwide public common equity float above $5 billion as of the end of the second fiscal quarter of their most recently completed fiscal year
All remaining foreign filers using US GAAP, including smaller reporting companies, and all foreign private issuers that prepare their financial statements in accordance with IFRS as issued by the IASB. (Newsfile, 2010)
XBRL is an interactive data language used in financial reporting.
The SEC has been instrumental in moving financial reporting in the direction of XBRL.
Elements of financial statements and disclosures are tagged and assigned to pre-defined terms which allows flexibility in the retrieval of data relative to a company's financial position.
XBRL is user friendly and can be viewed in spreadsheets or readily available software
XBRL is an interactive data language used in financial reporting.
The SEC has been instrumental in moving financial reporting in the direction of XBRL.
Elements of financial statements and disclosures are tagged and assigned to pre-defined terms which allows flexibility in the retrieval of data relative to a company's financial position.
XBRL is user friendly and can be viewed in spreadsheets or readily available software
XBRL is an interactive data language used in financial reporting.
The SEC has been instrumental in moving financial reporting in the direction of XBRL.
Elements of financial statements and disclosures are tagged and assigned to pre-defined terms which allows flexibility in the retrieval of data relative to a company's financial position.
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