XBRL For Dummies
- 7h 41m
- Charles Hoffman, Liv Apneseth Watson, et al.
- John Wiley & Sons (US)
- 2010
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.
About the Authors
Charles Hoffman is considered the father of XBRL. He is coeditor of the US GAAP Taxonomy Architecture and was named one of the 100 most influential people in accounting by Accounting Technology.
Liv Apneseth Watson is among the founders of XBRL International and was vice chairman of XBRL International.
Marc van Hilvoorde: Marc (Oosteind, Netherlands) is a Chartered Accountant (CA) and a Certified Information Systems Auditor (CISA) in the Netherlands. He has performed duties in the fields of financial and IT auditing and consultancy work for PricewaterhouseCoopers and KPMG. His knowledge of XBRL and standards-based reporting has involved him in leading roles in some of the major XBRL implementations, including the Netherlands Taxonomy Project.
Christine Tan, PhD: Christine (New York City, New York, United States) is a university professor of accounting and has taught at the University of Melbourne, Baruch College; City University of New York, New York University; and the Melbourne Business School. Christine has consulted with governments and industry and business executives on matters pertaining to financial reporting and financial analyses. Her research has been published in leading accounting journals and presented at conferences around the world.
Raynier van Egmond: Raynier (Vashon, Washington, United States) is an IT professional with more than 25 years of ICT development and design expertise in financial and manufacturing industries and research. He has been involved in the XBRL community since its inception in 1999, and he's been an active participant in development of the XBRL standard. Raynier contributed to and coauthored several parts of the XBRL specification and best-practices definitions.
Eiichi Watanabe: Ed (Tokyo, Japan) is a member of XBRL International Steering Committee representing XBRL Japan jurisdiction. Ed served various leadership positions at XBRL Japan since the inception of XBRL Japan in April 2001. He's the first Japanese person exposed to the XBRL world at the Technology Briefing for Federal Government held in Washington, D.C., in May 2000. Currently, he's a Technology Advisor at Tokyo Shoko Research, Ltd., Japan's oldest business credit information company. He's been engaged in Information Technology and Business Intelligence industries in various capacity for more than 40 years since 1966.
In this Book
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Introduction
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Wrapping Your Head Around XBRL
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Taking to Heart the Essential Concepts of XBRL
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Glancing at XBRL's Parts
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An XBRL Primer
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Pinning Down How XBRL Affects You
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Exchanging Business Information
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Feeding the Business Information-Supply Chain
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Seeing the Transformation of Business Information Exchange
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Exploring the Common Uses of XBRL
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Making Your Own Business Case for XBRL
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Evaluating Different Approaches to Implementing XBRL
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Considering How to Implement Your XBRL Solution
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Complying with the SEC Mandate
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Finding Tools and Services to Make XBRL Work
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Creating and Using XBRL
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Differentiating XBRL Modules
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Digging Deeper into XBRL Taxonomies
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Understanding the XBRL Instance
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Predicting What XBRL Will Become
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Ten (or So) Ways to Flatten the XBRL Learning Curve
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(Nearly) Ten Keys to Understanding How XBRL Works
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Top Ten Technical Odds and Ends
