XBRL is a New Medium
Wednesday, April 1, 2009 at 06:25AM
Charlie in General Information

Before radio newspapers where how most people received the news.  When radio was introduced, one of the early uses was to read the newspaper over the radio.  This was because the people using the new medium did not yet understand how to use the new features offered by the new medium of radio.  Subsequently, producers of radio programs learned to use the medium of radio.

Ralf Frank, chair of XBRL International's Best Practices Board and managing director of DVFA, the Society of Investment Professionals in Germany discusses XBRL, transparency, and shares his ideas on how XBRL can be used to improve financial reporting in a "XBRL - the Medium is the Message."

ABSTRACT: This paper demonstrates how XBRL eXtensible Business Reporting Language can make a contribution to enhancing business reporting. It looks at transparency, the role which is commonly assigned to it and how it is implemented. By looking at traditional vehicles of corporate business reporting such as annual reports and examining common examples of non-transparent reporting patterns, it seeks to point out how adopting XBRL to reporting processes can result in a higher order of transparency.


Article originally appeared on Intelligent XBRL-based structured digital financial reporting using US GAAP and IFRS (http://xbrl.squarespace.com/).
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