KoR: Ramin (IASB)/Kesselmeyer, XBRL as an internet-based standard for financial reporting
Excerpt from the conclusion: “XBRL has the entire reporting supply chain in mind, from the creation of financial data, to internal and external reporting, use by investors, financial analysts and banks to tax and regulatory authorities. Current XBRL implementations are being implemented by stock exchanges and other authorities worldwide. The breakthrough of XBRL is the […]
GoingPublic: Kesselmeyer, XBRL as a global standard for financial reporting – just a matter of time?
“For the disclosure of the annual financial statements in the electronic Federal Gazette, XBRL (eXtensible Business Reporting Language) is the operator’s preferred format with effect from January 1, 2007. For the interim reporting of listed companies, XBRL was introduced by the company register in 2007 as the exclusive format – surprising for most of those […]