Why is there a different XBRL taxonomy for each country, including XBRL Australia, XBRL Canada, XBRL Germany,

Question:

Why is there a different XBRL taxonomy for each country, including XBRL Australia, XBRL Canada, XBRL Germany, XBRL Japan, XBRL-Netherlands, XBRL-US, and XBRL UK? What would happen if there were only one XBRL taxonomy for all countries?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Information Systems

ISBN: 978-0078025495

1st edition

Authors: Vernon Richardson, Chengyee Chang

See More Books

Question Posted: Mar 04, 2015 03:07 AM

See More Questions

What would happen if DW(US+UK) intersected the horizontal portion of SW(US+UK) at PW /PC = 2/3 and 120W in the left panel of Figure 2.3? What would this imply for specialization in production and the...
What would happen if Ben incorporated the liberated bunnies into a larger herd of rabbits and was unable to differentiate them from the larger group?
What would happen if the sample sizes in Exercise 16.7 were twice as large as they were?
Figure 20.3 describes the Medicare Part D prescription drug benefi t. Look at the Web page www.partd-medicare.com/ in your area and determine the marginal coinsurance rates applicable in each...
Verify that if the CDS spread for the example in Tables 23.2 to 23.5 is 100 basis points and the probability of default in a year (conditional on no earlier default) must be 1.61%. How does the...
The quality control manager at a light bulb factory needs to estimate the mean life of a large shipment of light bulbs. The manufacturer's specifications are that the standard deviation is 100 hours....
I dont know you, and I very much liked working with Oscar Jones. Why was he transferred to Chicago? The customer you have just met for the first time is unhappy because of his relationship with the...
Assume eat, Inc., is expanding into Norway. The company must decide where to locate and how to finance the expansion. Identify the financial statement where these decision makers can find the...
You placed $6,599 in a savings account today that earns an annual interest rate of 3 percent compounded annually. How much you will have in this account at the end of 2 years?
Last year, at Northern Manufacturing Company, 200 people had colds during the year. One hundred fifty-five people who did no exercising had colds, and the remainders of the people with colds were...
Name five items that you think would be included in a digital dashboard for ESPN or for Disney. Why are these critical business processes for them?
How would the XBRL style sheets be different for financial analysts as compared to the Securities and Exchange Commission? How would XBRL style sheets be different for a firms web site as compared to...
During 2012, Margan Corporation had the following transactions and events.1. Declared a cash dividend.2. Issued par value common stock for cash at par value.3. Completed a 2-for-1 stock split in...
Hide Transcribed Text Seasonality or seasonal variation is typically caused by factors related to 1. weather, holiders and cuatoms of people 2.economic conditions such as the "business crele" 3....
Identify one of the historical researchers who have been instrumental in advancing the related sciences of Job Design and Work Measurement. After studying his or her research and the impact of the...
Scenario To reach sustainable success, business leaders need to disrupt their business continuously. Thus, for companies to stay competitive, they must integrate a culture that embraces technology,...
Managers have selected data collection strategies based on the research design. To understand customer satisfaction, a call center manager might use a qualitative research design or a quantitative...
Analyze different leadership theories and leadership styles. PATH GOAL theory and leadership style, and explain how they each support a professional nurse leader or individual in nursing leadership...
Give your own examples of what you believe are the main causes and implications of perceptual distortions and errors.
What is the mode?
Terry is an accomplished pianist and received a scholarship to attend Berklee College of Music in Boston. He received $$64,000$ to cover tuition and fees of $$45,000$ and room and board of...
a. Prepare a table of entities and activities for the Cornick, Inc. process described below. Cornick, Inc. Cornick, Inc. sells office products to businesses in the eastern region of the United...
a. Prepare a table of entities and activities for the Cornick, Inc. process described below. Cornick, Inc. Cornick, Inc. sells office products to businesses in the eastern region of the United...
Prepare a physical DFD based on the output from Short Problem.
Accounting for Fair Value Hedge: Interest Rate Swap On January 1 of Year 1, Innovative Lab issued a 4-year $50,000 note to a local bank with fixed interest payments based on 6%, payable annually on...
Part 4 Tennis company, a distributor of Tennis Rackets, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement below: Sales Variable...
[The following information applies to the questions displayed below.] Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as...

Why is there a different XBRL taxonomy for each country, including XBRL Australia, XBRL Canada, XBRL Germany,

Question:

Step by Step Answer:

Different countries have different financial standards IFRS FASB countryspe...View the full answer

Accounting Information Systems

Students also viewed these Accounting questions