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The perfect guide to help you understand XBRLfrom the 'father of XBRL'What is XBRL and how can it help you streamline your business reporting? This plainEnglish 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 SECmandated business reporting standard for publiclytraded 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 XMLbased 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 actionoriented agendas, and identify stakeholders and subjectmatter 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.
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