XBRL

XBRL Report XBRL, the eXtensible Business Reporting Language, is an open standards-based reporting system built to accommodate the electronic preparation and exchange of business reports around the world. XBRL started back in 1999 with 12 organizations as the founding members. There are now in excess of 450 organizations worldwide in over 30 countries involved in its development. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings

“What is XBRL and how does it work?” and “What is an extension and when it is used by filers in XBRL submissions?” XBRL (eXtensible Business Reporting Language) is a programming language for the electronic communication of business and financial data around the world (Weber, 2003). XBRL is based on XML document (Extensible Markup Language). According to XML, the identification labels are applied to data for better processing through the use of software (Debreceny et al, 2010). 2.2 XBRL historical

required many large public companies to submit financial reports in XBRL format, but organizations often concern about the cost and time that associate to transform all their financial data to XBRL. The Maryland Association of Certified Public Accountants, a privately held nonprofit company, recognized the value of XBRL to reduce transactional costs and improve operational efficiency. They believed converting their accounting data to XBRL format would deliver more benefits than the costs. With Altova

Bortiz & No (2008) examined whether XBRL documents, furnished to the SEC’s XBRL Voluntary Filing Program VFP on EDGAR, conform to the suggested XBRL taxonomies and specifications as well as requirements for XBRL filings and whether the quality of XBRL filings improved between 2005 and 2007. Their examination include 9 points investigated to achieve their goal, use of extension taxonomies, notes and MD&A, agreement of XBRL-related documents with official filings, consistency, validation tests for

configurations for the banks databases and data communications facilities. The second problem deals with the activates that promote effective control and finally the last problem which deals with XBRL and the enhancements and discussion of data integrity, internal control and reporting concerns in relation to XBRL. Question 1 Response: This configuration will entail a hybrid of centralized and decentralized processing. Because customers should be able to bank at any of the 11 branches, cash withdrawal

otherwise referred to as XBRL is a standard introduced, and is now used worldwide. “XBRL is based on Extensible Markup Language (XML), a widely accepted technological standard that defines a set of rules for encoding documents in a format that both humans and machines can read.” (Rashty, 2013). Its main purpose is to improve the way business reporting is presented to the public, by making reports more accurate and efficient. It is managed by a non for profit organization called XBRL International, and

companies with revenue under $250 million from filing in XBRL format for a short period (3-5 years) for the cost of preparation, but it is not a good idea to implement this exemption for long time. 1) XBRL has significant benefits for the transparency improvement of financial report. As Du and Vasarhelyi et al., (2013) stated, there has been over one decade of studies and evaluations on Internet-facilitated financial reporting in general and XBRL in particular (Ashbaugh et al. 1999; Debreceny et

Understanding Business Research Terms and Concepts Anna M Teffeau RES/351 - BUSINESS RESEARCH 6/30/2014 Annette West Understanding Business Research Terms and Concepts There are many different types of quantitative data collection instruments and sampling methods available to researchers. The ones that I have picked for the purpose of his paper are questionnaire, sampling and surveying. Each can be a value to a researcher when completed with accuracy. Validity is the degree to which

submitted using eXtensible Business Reporting Language (“XBRL”), in connection with the SEC’s disclosure modernization initiative. In a Fact Sheet accompanying its announcement, the SEC indicated that the “proposed amendments would require the use of Inline XBRL format for the submission of operating company financial statement information and mutual fund risk/return summaries. The proposal would also eliminate the requirement for filers to post XBRL data on their websites.” The Fact Sheet indicates that

October 13, 2011 330 Inventory 10 Overall 330-10-00 Status Note: General Note The Status Section identifies changes to this Subtopic resulting from Accounting Standards Updates. The Section provides references to the affected Codification content and links to the related Accounting Standards Updates. Nonsubstantive changes for items such as editorial, link and similar corrections are included separately in Maintenance Updates. General 330-10-00-1 330- 10-00No updates have been made to