XBRL, the eXtensible Business Reporting Language, is getting a lot of coverage lately on websites, news media and in conference programs. Most of the buzz is due to the SEC’s mandate requiring that public companies provide XBRL-formatted financial statements over a three year phase-in schedule that began this year.
If you’ve heard about XBRL, or interactive data, but really don’t understand what all the excitement is about, then it’s time to learn all about this new technology and find out how it affects you, your clients and your company.
EDGAR Online and R.R. Donnelley have collaborated to educate and inform anyone interested in learning more about XBRL. The site, TryXBRL.com, provides access to whitepapers, case studies and compliance timelines as well as analysis of XBRL-tagged financial reports for over 12,000 U.S. companies.
