XBRL^® For Dummies^®

by Charles Hoffman; Liv Watson

• ISBN13: 9780470583197
• ISBN10: 0470583193
• Format: eBook
• Copyright: 2009-10-01
• Publisher: For Dummies

Summary

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 standardsTopics also include how to adapt your existing financial information into XBRL.

Table of Contents

Introduction

The Very Least You Need to Know about XBRL

Wrapping Your Head Around XBRL

Taking to Heart the Essential Concepts of XBRL

Glancing at XBRL's Parts

An XBRL Primer

Pinning Down How XBRL Affects You

Embracing XBRL for Classic Challenges and New Possibilities

Exchanging Business Information

Feeding the Business Information-Supply Chain

Seeing the Transformation of Business Information Exchange

Successfully Pursuing and Executing an XBRL Project

Exploring the Common Uses of XBRL

Making Your Own Business Case for XBRL

Evaluating Different Approaches to Implementing XBRL

Considering How to Implement Your XBRL Solution

Complying with the SEC Mandate

Working with XBRL Taxonomies and Instances

Finding Tools and Services to Make XBRL Work

Creating and Using XBRL

Differentiating XBRL Modules

Digging Deeper into XBRL Taxonomies

Understanding the XBRL Instance

Predicting What XBRL Will Become

The Part of Tens

Ten (or So) Ways to Flatten the XBRL Learning Curve

(Nearly) Ten Keys to Understanding How XBRL Works

Top Ten Technical Odds and Ends

Index

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