Question: a. What is XBRL? How is it related to XML? b. Define the following terms related to XBRL: specification, taxonomy, instance document. c. How can

a. What is XBRL? How is it related to XML?
b. Define the following terms related to XBRL: specification, taxonomy, instance document.
c. How can XBRL benefit organizations?
d. Will most accountants need to learn to write “code” in XBRL? If not, how can they create XBRL-tagged documents?
e. Respond to the questions for this chapter’s “AIS in the Business World.”

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