You have been called in as an XBRL consultant. The president of the company has asked for
Question:
You have been called in as an XBRL consultant. The president of the company has asked for your opinion regarding the costs and benefits of XBRL. What would you say? What benefits of XBRL do you see as the most important? What costs should an organization consider?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
You could state many benefits of XBRL including transparency ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Information Systems The Crossroads of Accounting & IT
ISBN: 978-0132991322
2nd Edition
Authors: Donna Kay, Ali Ovlia
Question Posted:
Students also viewed these Accounting questions
-
You have been called in to consult on a new network design for CNT Books. The requirements of this design are summarized as follows: The building has three floors. There are 300 user workstations and...
-
You have been called in as a consultant liaison for a dispute between sales, accounting, and IT professionals. The sales professionals are claiming that sales reports are distorted, and are blaming...
-
You have been called in as a consultant for Herberts a sporting goods retail firm, which is examining its debt policy. The firm currently has a balance sheet as follows: The firms income statement is...
-
Doug Brackett wants to have enough mechanics on hand to take care of his customer requests, but he does not want to be paying mechanics to sit around doing nothing. Doug needs to know a reasonable...
-
Illustrate graphically what would happen to the price level and Real GDP level if individuals hold rational expectations, prices and wages are flexible, and individuals correctly anticipate a rise in...
-
Paul Joubert retired from his firm. He has continued to hold his private retirement investments in a portfolio of common stocks and bonds. At the beginning of 2002, when he retired, his account was...
-
US Obesity Levels by State and over Time These questions refer to the graphs found at http://stateofobesity.org/adult-obesity/ which show a sequence of maps of US states, colored by the proportion of...
-
In this chapter we discuss the Joe Paterno matter at Penn State. Another situation where a respected individuals reputation was tarnished by personal decisions having nothing to do with performance...
-
Cash Receipt: Required: The Cash table below contains seven attributes. Which of those could possibly be foreign keys? (You may select more than one answer. Single click the box with the question...
-
Jackson Yin and Angeline Yin are a loving couple married happily for more than five years. They have one child, Denise Yin, aged 3. Jackson works as a Business Services Manager at a private hospital,...
-
Can a relational database be used to store XBRL metadata? Explain your answer. What other options are organizations using to store XBRL metadata in a database?
-
At lunch one day, the topic of XBRL is mentioned. One of your colleagues says, It has something to do with schemas, linkbases, and taxonomiesthat is all I know. Then he turns to you and asks, What do...
-
The graph in the next column shows how the number of arthropod species resistant to insecticides has varied with time. Sketch a graph of the rate of change of the insecticideresistant species as a...
-
What is meant by negative amortization?
-
Lehman Brothers bankruptcy was due to the investment of its own capital into assets, such as subprime assets, Alt-A residential mortgages, and mortgage-backed securities, that incurred huge losses...
-
A credit-default swap: (a) Is a form of derivative financial instrument. (b) Is a financial instrument that gives the holder of the instrument the right to receive payment from the writer of the...
-
Describe the role of tranching in the granting of easy credit that fueled the housing bubble.
-
How were credit-default swaps expected to act as hedges against the risk of investing in mortgage-backed securities?
-
Differentiate. f(x) = sin x + 1/2 cot x
-
State whether each of the following will increase or decrease the power of a one-way between-subjects ANOVA. (a) The effect size increases. (b) Mean square error decreases. (c) Mean square between...
-
Respond to the following regarding domestic partnerships. a. Describe the common requirements for establishing a domestic partnership. b. Describe the most common benefits of a domestic partnership....
-
Assume that on February 1, Marks and Spencer plc (M&S) (GBR) paid 72,000 in advance for 2 years insurance coverage. Prepare M&Ss February 1 journal entry and the annual adjusting entry on June 30.
-
Prepare the following adjusting entries at August 31 for Nokia (FIN). (a) Interest on notes payable of 300 is accrued. (b) Fees earned but unbilled total 1,400. (c) Salaries earned by employees of...
-
Prepare the following adjusting entries at August 31 for Nokia (FIN). (a) Interest on notes payable of 300 is accrued. (b) Fees earned but unbilled total 1,400. (c) Salaries earned by employees of...
-
Can you elaborate on the processes of somatic hypermutation and class-switch recombination in B lymphocytes, detailing their roles in generating antibody diversity and optimizing antibody-mediated...
-
Can you delve into the complex interplay between the gut microbiota and host immune system, highlighting the mechanisms by which commensal microbes shape immune development, tolerance, and...
-
Marisa wants to buy a home in Atlanta with a 30-year mortgage that has an annual interest rate of 4.9%. The house she wants is $250,000, and she will make a $55,000 down payment and borrow the...
Study smarter with the SolutionInn App