Why are there different taxonomies? Why can’t one taxonomy be used for all reporting?
Answer to relevant QuestionsDiscuss how organizations can benefit from XBRL. Match the following terms and definitions.a. eXtensible Business Reporting Language (XBRL) b. metadatac. XBRL integrated tagging d. XBRL bolt-on tagging e. taxonomyf. elementsg. schemah. XBRL linkbasesi. instance ...Tech Tool: Spreadsheet Software Valencia Orange Inc. has asked for your assistance in adding XBRL tags to its financial statements.1. Download the data file for this exercise.2. Use the information in Figure 9.12 to write ...What are the three objectives of COSO’s Internal Control—Integrated Framework? Why are these important for internal control?Match each of the following application control objectives to the appropriate transaction cycle.a. Purchasing cycleb. Sales cycle c. Payroll cycle d. Banking/Cashe. Financial cycle___ 1. All goods shipped are accurately ...
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