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Industry: Email Alert RSS FeedAsk FERF about ... XBRL.(resources)(extensible business reporting language, Financial Executives Research Foundation )
Financial Executive, March, 2007
XBRL (eXtensible Business Reporting Language) is a language for the electronic communication of business and financial data.
XBRL is not a technology, but rather a set of standards, called taxonomies, which are built using the eXtensible Markup Language (XML). The U.S. Securities and Exchange Commission (SEC) uses the generic term "interactive data" to describe XBRL.
"Interactive Data: Is the SEC's Priority Your Priority," on page 29, describes the experiences of financial executives at several of the approximately 40 companies that are currently participating in the SEC's Voluntary Filing Program for filing in XBRL. Other financial executives are encouraged to consider participation in this test group. For consideration, here are several good sources...
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