BLOG: Financial Reporting Using XBRL
This is a blog for information relating to XBRL as used in the US for financial reporting.
Entries from May 18, 2008 - May 24, 2008
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
Charlie
in XBRL General Information
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Charlie
in XBRL General Information
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Government Work Makes You Smarter
In an article on The Motley Fool, Tim Beyers summarizes the reasons why XBRL is good for investors. The section "What is Buffett buying now?" shows one of the potential uses of XBRL beyond the financial statements. Forms Forms 4, 13-D, 13F-HR and 13F-NT in XBRL would offer functionality similar to the SEC's executive compensation viewer, which makes use of XBRL.
XBRL: Not Just for External Reporting
In an article published by financialexecutive.com, Mike Willis (PricewaterhouseCoopers) and William Sinnett (FERF) explain why XBRL is not just for external reporting.
The article highlights four common and significant areas which can benefit from XBRL:
- systems integration (integrating heterogeneous applications)
- data access
- assembly and review
- data quality (integrity of data)
- spreadsheets
Posted on Monday, May 19, 2008 at 01:20PM
by
Charlie
in XBRL General Information
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Charlie
in XBRL General Information
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