XBRL Implementation Options for Preparers: Outsource, Bolt-on, Integrated
Neal Hannon and Mike Willis explain three different strategies preparers can use to meet the SEC mandate on the Hitachi Blog.
These three ways are:
- Outsource the XBRL to a financial printer or other EDGAR filing agent
- Use a bolt-on XBRL software package to create XBRL exhibits internally
- Integrate the XBRL mapping inside your normal financial reporting process
The advantages and disadvantages of each option is discussed.
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