XBRL's Emerging Framework

Marshall, Jeffrey
January 2001
Financial Executive;Jan/Feb2001, Vol. 17 Issue 1, p62
Academic Journal
This article reports on eXtensible Business Reporting Language (XBRL) is an application framework based on extensible Markup Language XML. It is meant to facilitate the creation, exchange, and analysis of global financial data. Proponents of XBRL claim it streamlines reporting between different types of systems and data. Mike Willis of PriceWaterhouseCoopers believes it will be the industry standard in three to five years. One challenge is developing a universal taxonomy that all sectors can agree upon.


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