XBRL Implementation Options for Preparers: Outsource, Bolt-on, Integrated

Monday, August 18, 2008 at 09:49AM
Charlie

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.

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