Project Paper

Research Paper on extensible Business insurance coverage Language (XBRL) In Partial Fulfillment of course prerequisite billet Title: Accounting Survey Course # 3300 H1 Submitted TO Dr. Moore By Neka Legbara April 08, 2010 The purpose if this research newspaper publisher is to define XBRL, unalikeial amid XBRL and other business account methods, explore the benefits and disadvantages of XBRL, discussed the exercise of this fiscal report diction by other countries in the external community, discuss the perspective of different industries like the banking sectors, the investment sectors and the politics or the regulatory sectors regarding the use of XBRL and any other consequence of interest. The Extensible Business reportage Language was primary conceived in April 1998 as Charles Hoffman was investigating into how XML could be used for electronic reporting of pecuniary data. In 2001 XBRL had its first inte rnational conference in London with representatives from 10 countries in attendance and the rest was history. XBRL uses robotic electronic communication and financial data collection growth to revolutionize business reporting around the human being.

Extensible Business Reporting Language provides the financial community great benefits in data analysis, preparation, and communication of financial information. It also offers price savings, greater efficiency and improved verity and reliability to all(a) those involved in supplying or using financial data. XBRL is an open XML-based framework that automatically ta ck financial information between parties, it! is free of license fees, was mark and developed by a non-profit international consortium of near 550 major companies, do up of organizations and government agencies around the world, workings to workher to build the XBRL language and promote its adoption. The consortium includes the worlds leading accounting, technology, governmental and financial bodies. The...If you want to get a full essay, lodge it on our website: OrderCustomPaper.com

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