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One of the coolest and most useful application features I have seen in a long time

This is one of the coolest and most useful features I have seen in a LONG time! 

Check this out.  Click on this link, and it will take you directly to a US GAAP Taxonomy concept "Cash" within a library of taxonomies.  Now, this link is a bit of a mouthful, but you can use http://www.tinyurl.com to convert the link to this.

Hat's off to CoreFiling for this feature.  This goes to show that software vendors may be getting close to being over the "hump" where they have been investing in XBRL infrastructure which is needed to make use of XBRL, and we are moving into an era of business user features, showing the true power of XBRL.

I mean, really think about this.  Imagine being able to link from one vendor's software application into a different vendor's software application, just because of XBRL.  Imagine an investor looking at a financial statement using interactive data being able to link into the taxonomy library, or a different library, or perhaps they could choose between several different renderings of the taxonomy, based on what they wanted to achieve at the time; directly from the financial statement.  The possibilities are endless!



Posted on Thursday, July 10, 2008 at 08:28AM by Registered CommenterCharlie in | CommentsPost a Comment

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