XBRL: Not Just for External Reporting

Monday, May 19, 2008 at 01:20PM
Charlie in XBRL General Information

In an article published by financialexecutive.com, Mike Willis (PricewaterhouseCoopers) and William Sinnett (FERF) explain why XBRL is not just for external reporting.

The article highlights four common and significant areas which can benefit from XBRL:

• systems integration (integrating heterogeneous applications)
• data access
• assembly and review
• data quality (integrity of data)
• spreadsheets

Article originally appeared on XBRL-based structured digital financial reporting (http://xbrl.squarespace.com/).