A more technical topic for today’s blog: XBRL.
If you work in the accounting and finance areas of your company today, you owe it to yourself to read about XBRL (eXtensible Business Reporting Language). This information-sharing standard has been around for about five years, but has been slow to gain momentum in the Untied States.
Around the world, XBRL is growing fast and it will be only a short time before we finally catch up with the rest of the world.
A recent article on AccountingWEB talks about the SEC’s efforts to push our XBRL. Take a moment to read this informational link. It will be worth your time and enhance your knowledge base.
For the super geeks, check out XBRL.org.
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