XBRL For Dummies

The perfect guide to help you understand XBRL-from the "father of XBRL" What is XBRL and how can it help you streamline your business reporting? This plain-English guide from the "father of XBRL," Charles Hoffman, will tell you what it is, why it is, and how you can get on the bus with this new SEC-mandated business reporting standard for publicly-traded companies. A CPA, Hoffman is credited with the idea of applying XML data to financial reporting; XBRL is the language that resulted.Learn to prepare financial statements with XBRL, use it for strategic planning, move all relevant departments in your company to the same system, and more.* XBRL (eXtensible Business Reporting Language) is an XML-based open standard for accounting data; author Charles Hoffman is credited with the idea of applying XML data to financial reporting* Plan for XBRL implementation, set action-oriented agendas, and identify stakeholders and subject-matter experts within your organization* Learn to choose from and adapt existing XBRL taxonomies to comply with US GAAP and IFRS standards Topics also include how to adapt your existing financial information into XBRL.