Although XBRL facilitates the electronic exchange of financial information, some external users do not think it goes
Question:
Although XBRL facilitates the electronic exchange of financial information, some external users do not think it goes far enough. They would like access to the entire general ledger, not just to XBRL-tagged financial reports that summarize general ledger accounts. Should companies provide external users with such access? Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
The are some users of information that feel XBRL isnt detail...View the full answer
Answered By
Charles Okinda
students should give all the instructions concerning the challenge that they face. they will get an immediate response because I am always online.
4.90+
753+ Reviews
1481+ Question Solved
Related Book For
Accounting Information Systems
ISBN: 978-0133428537
13th edition
Authors: Marshall B. Romney, Paul J. Steinbart
Question Posted:
Students also viewed these Accounting questions
-
Why do you think some large, well-known companies such as Cisco Systems, Intel, and Microsoft prefer to trade on the Nasdaq OMX markets rather than on an organized securities exchange such as the...
-
Why do companies provide so much additional information with financial statements? What is the purpose of the notes to the statements?
-
Why do some companies in a given industry, like eCourier above, adopt and deploy innovative technologies while others in the same line of business do not? Break into small groups with your classmates...
-
The CEO of Amazon, has publicly questioned the advisability of granting patents for business processes such as his companys 1-Click ordering process. Do such patents put a chilling effect on the...
-
LLL Avionics Ltd. has contacted your certified general accounting firm to inquire about the cost of an external audit. The company's president explained that he feels that "the previous auditor...
-
Calculate the actual retention/flow through in dollars and percent. Actual retention/flow through dollars_______________. The difference between actual and budget profit dollars $ 1,170,000 minus $...
-
To cool a given room it is necessary to supply \(4 \mathrm{ft}^{3} / \mathrm{s}\) of air through an 8-in.-diameter pipe. Approximately how long is the entrance length in this pipe?
-
Since its 100% acquisition of Dreger Corporation stock on December 31, 2012, Jayco Corporation has maintained its investment under the equity method. However, due to Dregers earning potential, the...
-
The solid shaft of radius r = 0.5 inches and shear modulus G = 10,000ksi is subjected to the torques shown, and T = 10,000lb - in. At the surface of the shaft, the angle between the "line before...
-
As the Purchase Manager of R. K. Engg. Company, Mumbai, you had sent an order for 15 scanners to National Systems Ltd., Delhi, but you received only 12 scanners on delivery. Write a letter to the G....
-
Payroll has traditionally been an accounting function and some CPAs have provided payroll processing services to their clients. Today, CPAs are finding additional new lucrative opportunities to...
-
How can responsibility accounting and flexible budgets improve morale?
-
Figure 7 shows the rate R(t) of natural gas consumption (billions of cubic feet per day) in the mid-Atlantic states (New York, New Jersey, Pennsylvania). Express the total quantity of natural gas...
-
On December 31, 2022 Pack-and-Deliver Company completed its first year of operations. The following information has been provided for the year: a. Sold packing supplies for $30,400 and provided...
-
Two roommates, Eric and Noah, decide independently of each other how much time to spend cleaning the common area of the aparment they share. Specifically, Eric chooses hE 20 (hours per week), while...
-
The lecture described how taxing income may change savings behavior. Suppose instead that the government taxed consumption. D To be specific, suppose we have a two-period model. An individual earns...
-
Critically review, analyze, and evaluate the concepts and practices given Human Resource Development perspective: Topic: Pakistan National Human Development Report 2017, (Unleashing the potential of...
-
The Process Control Block(PCB) stores information that is associated with each process. Describe all these information stored in PCB.
-
Examine the major conflicts emerging from globalization, such as those associated with employeeemployer interests, insufficient trust, and environmental destruction.
-
Tiger, Inc. signed a lease for equipment on July 1, 2007.The lease is for 10 years (the useful life of the asset).The first of 10 equal annual payments of $500,000 was made on July 1, 2007.The...
-
In a roundabout (or traffic circle), cars go around a 25-m-diameter circle. If a car's tires will skid when the car experiences a centripetal acceleration greater than \(0.60 \mathrm{~g}\), what is...
-
Why have object-oriented databases not replaced relational databases in business information system applications?
-
Demonstrate your understanding of some of the coding schemes discussed in Technology Summary 5.2 by indicating which type of code is represented by each of the following. You should be prepared to...
-
Demonstrate your understanding of some of the coding schemes discussed in Technology Summary 5.2 by indicating which type of code is represented by each of the following. You should be prepared to...
-
) Let X = (X1, X2, X3)' be distributed as N3(, ), where = (1,-1,2)' and 40-1 05 0 -1 0 2 Which of the following random variables are independent? Explain. (a) (1 mk) X1 and X2; (b) (1 mk) X1 and X3;...
-
How do organizations employ sophisticated probabilistic modeling techniques to quantitatively assess and mitigate the multifaceted risks inherent in complex operational ecosystems?
-
Cyber Security Systems had sales of 3,200 units at $60 per unit last year. The marketing manager projects a 15 percent increase in unit volume sales this year with a 40 percent price increase....
Study smarter with the SolutionInn App