Pilot program uses XBRL for reports. (Business Briefs).(Nasdaq, Microsoft Corp. and PricewaterhouseCoopers LLP launch pilot program to provide investors with remote access to financial data)(Brief Article)

Financial Executive, October, 2002

The Nasdaq stock exchange, Microsoft Corp. and PricewaterhouseCoopers LLP have launched a pilot program to provide investors with remote access to financial data from five years of financial reports for 21 Nasdaq-listed companies. The data, which is formatted in eXtensible Business Reporting Language (XBRL) and publicly available via a Nasdaq-hosted Web Service, will showcase XBRL's ability to allow for easy comparisons of the financials of companies within a particular industry, like semiconductors. Nasdaq will be actively recruiting its listed companies to participate in the pilot program in the future.

Financial statement information tagged in XBRL can help streamline the analysis process and ultimately help all players in the financial information supply...

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