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XBRL
11-07-2005, 01:30 AM
Post: #1
XBRL
Dear fellows,
Anyone can tell me what exactly is XBRL & its usefulness to our career ?
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11-07-2005, 03:48 AM
Post: #2
 
XBRL, eXtensible Business Reporting Language....provides an identifying tag for each individual item of data. This is computer readable. For example, company net profit has its own unique tag.
These XBRL tags enable automated processing of business information by computer software, cutting out laborious and costly processes of manual re-entry and comparison. Computers can treat XBRL data "intelligently" they can recognise the information in a XBRL document, select it, analyse it, store it, exchange it with other computers and present it automatically in a variety of ways for users. XBRL greatly increases the speed of handling of financial data, reduces the chance of error and permits automatic checking of information.
Companies can use XBRL to save costs and streamline their processes for collecting and reporting financial information


for more infor about xbrl visit
http://www.xbrl.org/Home/

islamabad_@hotmail.co.uk
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11-07-2005, 02:31 PM
Post: #3
 
Dear Mr. Iqbal,

Thank you very much for your help.
Best Regards,
Rami F. Barghouthi
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11-08-2005, 02:53 AM
Post: #4
 
You always wellcome Mr Rami F.Barghouthi
take care have a nice day ...


BELIEVING IN YOURSELF IS THE FIRST STEP TO SUCCESS.
never tell Allah how big ur worris are?...........just tell ur worries how big ALLAH is .....
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11-08-2005, 02:56 AM
Post: #5
 
news added on 6/12/2005


The U.S. Securities and Exchange Commission (SEC) has proposed to allow filings that include tagged financial information using extensible business reporting language (XBRL) - in addition to the required HTML or ASCII format filings - to its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system.

The voluntary program, proposed to begin in early 2005, is intended to help the SEC evaluate the usefulness of data tagging in general and XBRL in particular.

Viewed as an important step in enhancing and modernizing financial reporting, XBRL is an open standard for software based on extensible markup language (XML) that uses data tags to provide greater context specifically to financial data. Instead of treating financial information as a block of text, it provides a computer-readable identifying tag for each individual item of data. For example, "company net profit" has its own unique tag. The data tags enable computers to recognize specific data, select it, analyze it, store it, and exchange it with other computers, eliminating processes of manual re-entry and allowing for the automatic exchange of financial information across various software platforms, including the Internet.

Comments submitted during the public comment period that ended Nov. 1 show broad support for the program by the financial and business communities. To see the proposed rule and comments, visit http//www.sec.gov/rules/proposed.shtml. For more information about XBRL, visit http://www.xbrl.org.

© © 2005 Information Management Journal. via ProQuest Information and Learning Company; All Rights Reserved

Source web page http//www.accountancy.com.pk/newsprac.asp?newsid=611


BELIEVING IN YOURSELF IS THE FIRST STEP TO SUCCESS.
never tell Allah how big ur worris are?...........just tell ur worries how big ALLAH is .....
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