The XBRL Book: Simple, Precise, Technical

The XBRL Book is the definitive guide to XBRL, the global standard for financial reporting. It provides a comprehensive overview of XBRL, from its history and development to its technical details and applications. The XBRL Book is essential reading for anyone who wants to understand XBRL and use it to improve their financial reporting.

What is XBRL?

XBRL (eXtensible Business Reporting Language) is a data exchange format that enables the electronic communication of financial information between different software applications and across different platforms. XBRL is based on XML (Extensible Markup Language),which is a general-purpose markup language that can be used to create structured documents. XBRL uses XML to define a set of tags that can be used to describe financial data. These tags can be used to create XBRL reports that can be easily exchanged and understood by different software applications.

The XBRL Book: Simple, Precise, Technical

by Ghislain Fourny

5 out of 5

Language	:	English
File size	:	7178 KB
Print length	:	372 pages
Lending	:	Enabled

FREE

Why use XBRL?

There are many benefits to using XBRL for financial reporting. These benefits include:

• Improved accuracy and efficiency: XBRL reports are more accurate and efficient than traditional paper-based reports. This is because XBRL reports are created using a structured format that is easily understood by software applications. This reduces the risk of errors and omissions, and it also makes it easier to process and analyze financial data.
• Increased transparency: XBRL reports are more transparent than traditional paper-based reports. This is because XBRL reports are based on a set of standard tags that are easily understood by users. This makes it easier for users to understand the financial data that is being reported, and it also makes it more difficult for companies to hide or misrepresent their financial information.
• Improved interoperability: XBRL reports can be easily exchanged between different software applications and across different platforms. This makes it easier for companies to share their financial data with other stakeholders, such as investors, creditors, and regulators. It also makes it easier for companies to compare their financial performance to other companies.
• Reduced costs: XBRL can help companies to reduce their costs by automating the process of financial reporting. This is because XBRL reports can be easily generated and processed by software applications, which reduces the need for manual labor.

Who should read The XBRL Book?

The XBRL Book is essential reading for anyone who wants to understand XBRL and use it to improve their financial reporting. This includes:

• CFOs and other financial executives
• Financial reporting professionals
• IT professionals
• Regulators
• Investors
• Creditors

What's inside The XBRL Book?

The XBRL Book is divided into three parts:

1. Part 1: to XBRL
2. Part 2: Technical Overview of XBRL
3. Part 3: Applications of XBRL

Part 1 provides a comprehensive overview of XBRL, from its history and development to its technical details and applications. Part 2 provides a more in-depth look at the technical aspects of XBRL, including the XBRL data model, XBRL taxonomies, and XBRL reports. Part 3 discusses the applications of XBRL in different industries, including financial reporting, regulatory reporting, and supply chain management.

About the authors

The XBRL Book is written by a team of experts who have a deep understanding of XBRL and its applications. The authors include:

• Dr. Charles Hoffman is a leading expert on XBRL and the founder of the XBRL Standards Board. He is the author of several books and articles on XBRL, and he has been a keynote speaker at numerous XBRL conferences.
• Dr. Michael Regan is a professor of accounting at the University of North Carolina at Chapel Hill. He is a leading researcher in the area of XBRL, and he has published numerous articles on XBRL in academic journals.

The XBRL Book: Simple, Precise, Technical

by Ghislain Fourny

5 out of 5

Language	:	English
File size	:	7178 KB
Print length	:	372 pages
Lending	:	Enabled

FREE