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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Why is XBRL so important to efficient Web-based BR?

Summary Introduction

To explain: The reason why XBRL is important for web-based BR.

Introduction:

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Explanation

The reason why XBRL is important for web-based BR:

XBRL is developed by a consortium made up of accounting bodies, vendors to develop a common reporting standard all over the world. The presence of a standard format will help the vendors to add a functi...

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