XBRL. Streamlining Financial Reporting

Graziano, Cheryl de Mesa
November 2002
Financial Executive;Nov2002, Vol. 18 Issue 8, p52
Academic Journal
This article refers to the financial reporting requirements in the Sarbanes-Oxley Act and focuses on the outlook for using eXtensible Business Reporting Language (XBRL) in digital business reports. XBRL is an open-specification subset of the XML document markup language, which defines data over the Web. A study by FEI Research Foundation suggests that XBRL will make financial reporting more efficient. The reporting platform of XBRL, interchange format, storage of information, and Business Reporting Supply Chain are explained. The collaboration of Microsoft, PricewaterhouseCoopers, and Nasdaq on XBRL initiatives and the white paper "The Road to Better Business Information: Making a Case for XBRL" are mentioned.


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