XBRL in Plain English
Just Systems did an awesome job on this little YouTube video which explains XBRL in plain English:
This web site is under construction. It is intended to be a collaborative effort intended to help business users who wish to make use XBRL in financial reporting. The site provides resources useful for IFRS and US GAAP financial reporting using XBRL. If you have any comments, concerns, suggestions, ideas or other feedback, please contact Charles.Hoffman@UBmatrix.com.
The author of this web site assumes all responsibility for this web site and it's content. The views expressed on this web site are the views of the author and may not represent the views of UBmatrix.
Charlie
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Reader Comments (1)
Thanks for the link even though it was also available from an XII email.
I think it is a good way to get the message across. My only concern with the clip/explanation is the part abut comparing companies from China and Japan. The comment gives the impression that this will be really simple but there are several assumptions behind that comment:
1. They are both based on the same taxonomy (unlikely as each country has it own taxonomy)
2. They are both based on the same set of accounting standards (also unlikely as they have not fully adopted IFRS)
3. Exchange rates cause no concern in comparing values in Yen and Remimbi.