The Future is Now: XBRL Emerges as Career Niche  

Oleh:

Drew, Jeff ; Sheridan, Bill

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Accountancy vol. 213 no. 6 (Jun. 2012), page 122-127.
Topik: Extensible Business Reporting Language; Financial Reporting; Compliance; Public Companies; Accounting Standards

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Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.32 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Opportunity rarely knocks. Life isn't that easy. Instead, it hides and waits. XBRL, or extensible business reporting language, is not new. Supporters have been touting XBRL's potential for years. After a three-year phase-in, the SEC now requires all US public companies to file their financial reports using XBRL. The SEC mandate has created a lot of extra work for public companies. XBRL tagging is complex and, while a slew of software tools make it possible for non-tech gurus to apply the tagging, doing so properly requires knowledge of accounting standards, especially GAAP, in addition to understanding XBRL. XBRL education isn't confined to the classroom. Just ask Thomas Hood. The Salisbury (MD) University senior learned XBRL on the fly while helping the Maryland Association of CPAS (MACPA) become one of the first private, nonprofit groups in the nation to file its internal financial reports via the XBRL Global Ledger framework.

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