XBRL on the rise

O'Connor, Mark
November 2005
CMA Management;Nov2005, Vol. 79 Issue 7, p16
Trade Publication
The article provides information about Extensible Business Reporting Language (XBRL) standards. With the application of these standards, instead of displaying a financial statement or a business report as a block of text in print or as an Internet page, the information is structured behind the scenes with standard tags, which bracket the numbers and identify and describe each individual item of data. These tags are associated and linked to an accepted reporting structure. This language enables same pool of information to be used for several aspects of financial reporting. XBRL also provides a way to ensure that information remains consistent and clear.


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