XBRL in Plain English
Just Systems did an awesome job on this little YouTube video which explains XBRL in plain English:
Digital Financial Reporting
XBRL-based structured digital financial reporting
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Digital Financial Reporting Using XBRL
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This web site provides information on how to use XBRL to help business professionals exchange business information. Business information incluldes both financial and nonfinancial information. Everything on this site made available to all under a Creative Commons License, Public Domain Dedication. Everything may be reused however one sees fit without attribution. We do ask that you give credit where credit is due. If you have any questions, comments, concerns, suggestions, ideas or other feedback, please contact charles.hoffman@me.com.
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Reader Comments (1)
Thanks for the link even though it was also available from an XII email.
I think it is a good way to get the message across. My only concern with the clip/explanation is the part abut comparing companies from China and Japan. The comment gives the impression that this will be really simple but there are several assumptions behind that comment:
1. They are both based on the same taxonomy (unlikely as each country has it own taxonomy)
2. They are both based on the same set of accounting standards (also unlikely as they have not fully adopted IFRS)
3. Exchange rates cause no concern in comparing values in Yen and Remimbi.