The General Ledger/Financial Reporting System as a vital part of the Accounting Information Systems, assists management of listed US companies to meet their reporting obligations to the Securities and Exchange Commission(SEC). The SEC now requires US companies to submit their financial reports using the eXtensible Business Reporting Language (XBRL) format. Required: Discuss the primary advantage of XBRL over traditional HTML as a means of online reporting of financial information to users.
The General Ledger/Financial Reporting System as a vital part of the Accounting Information Systems, assists management of listed US companies to meet their reporting obligations to the Securities and Exchange Commission(SEC). The SEC now requires US companies to submit their financial reports using the eXtensible Business Reporting Language (XBRL) format. Required: Discuss the primary advantage of XBRL over traditional HTML as a means of online reporting of financial information to users.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter1: Introduction To Business Activities And Overview Of Financial Statements And The Reporting Process
Section: Chapter Questions
Problem 14Q
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