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XBRL in Plain English

Just Systems did an awesome job on this little YouTube video which explains XBRL in plain English:
Posted on Friday, May 23, 2008 at 08:15AM by Registered CommenterCharlie in | Comments1 Comment

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Reader Comments (1)

Hi Charlie,
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.
June 2, 2008 | Unregistered CommenterJim Richards

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