Write a one-page paper on each of the following topics as they relate to XBRL: a. What

Question:

Write a one-page paper on each of the following topics as they relate to XBRL:
a. What is the history of XBRL? What professional accounting organization helped in the early stages of this concept?
b. What is an XBRL specification and what is the latest version? When was it released? By whom?
c. How could XBRL help a company engage in ‘‘continuous reporting?’’ Find a website or an e-journal (an article) that discusses XBRL and continuous reporting. What are the main points of the article?
d. Find at least two other companies (other than Microsoft) that are publishing their on the Internet using XBRL. What business are they in (what industry)?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...