Disadvantages of extensible business reporting language

As more information becomes electronically companies will need to implement appropriate safeguards to protect their information, including XBRL tagged information.

Find out what the related areas are that eXtensible Business Reporting Language XBRL connects with, associates with, correlates with or affects, and which require thought, deliberation, analysis, review and discussion. The second generation of digital reporting aims to take this process a step further by standardising financial reporting using a digital reporting framework that will allow more analysis and interrogation of the underlying information across multiple platforms.

Core Concepts of AIS 11th ed. The blog is created for an IT course assignment. Definition and meaning - InvestorGuide. Advantages and Disadvantages.

biggest concern of xbrl

Extensible business reporting language XBRL. It also offers a more detailed review of the implementation and technology issues that need to be considered Posted by EdwardCollins Select Free Bonus: 21 XBRL Benefits XBRL On the contrary, the language is a flexible one which is intended to support all current aspects of reporting in different countries and industries.

For instance: It offers benefits to a range of users. XBRL Taxonomies are extensible and possibly too flexible.

xbrl tagging

Its extensible nature means that it can be adjusted to meet particular business requirements, even at the individual organisation level. XBRL is a language for the electronic communications of all sort of businesses and the exchange of financial data that is transforming business reporting around the globe.

Federal Government.

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XBRL as a Tool for Financial Reporting