Question: As decision makers require reliable, timely, relevant, and reusable digital information to enable analytics and drive decisions, knowledge of XBRL and other new technologies like

“As decision makers require reliable, timely, relevant, and reusable digital information to enable analytics and drive decisions, knowledge of XBRL and other new technologies like blockchain will be critical for...finance professionals.” T. David Colgren XBRL, Blockchain, and new technologies Strategic Finance January 2018 “One use of XBRL is to define and exchange financial information, such as general purpose financial statements prepared in accordance with the international financial reporting standards taxonomy.” Anonymous“Blockchain is one of the biggest technological hypes in the last years.” AnonymousCan XBRL and/or blockchain serve a listed company’s general-purpose financial reporting objective?

Step by Step Solution

★★★★★

3.33 Rating (150 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Can XBRL andor blockchain serve a listed companys general money reportage objective Fina... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

(i) In accordance with the International Integrated Reporting Framework, explain the purposes and benefits of integrated reporting. (ii) The International Integrated Reporting Framework (January...

A capitalized lease should be amortized in accordance with the lessees normal depreciation policy. What time period should be used for lease amortization?

The following is an auditor's report prepared in accordance with International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB): INDEPENDENT...

Majestic Trucking Inc. (Majestic) is a small trucking company that carries freight between centres in central Canada and the northeastern United States. The Mozart family of Cobourg owns Majestic,...

How do we account for operating activities? This chapter considered the estimation and reporting of revenues and expenses. A companys income statement is affected by estimates of sales returns,...

The following information pertains to United Ways, a private voluntary health and welfare organization, for the year ended December 31, 20X3. Balances in net assets at January 1, 20X3: Unrestricted...

Pacific Rim Industries is a diversified company whose products are marketed both domestically and internationally. The company's major product lines are furniture, sports equipment, and household...

As decision makers require reliable, timely, relevant, and reusable digital information to enable analytics and drive decisions, knowledge of XBRL and other new technologies like blockchain will be...

An investment banker is analyzing two companies that specialize in the production and sale of candied apples. Old-Fashion Apples uses a labor-intensive approach, and Mech-Apple uses a mechanized...

An investment banker is analyzing two companies that specialize in the production and sale of candied yams. Traditional Yams uses a labor-intensive approach, and Auto-Yams uses a mechanized system....

Legacy issues $550,000 of 9.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $507,301 and their market rate is 12% at the issue...

PRJ Candy Company makes and sells two kinds of candy bars: chocolate almond and coconut. During the past several years, the company has kept accurate records of costs and resource requirements and...

Find the derivative of the function. f ( x ) = ( x 1 ) ( 5 x 2 - 1 0 x 8 ) f ' ( x ) =

The idealized cross-section of a two-cell thin-walled wing box is shown below with the data in Table 22.7. If the wing box supports a load of 44,500 N acting along web 25, calculate the shear flow...

Was the intervention effective for each participant? Provide a rationale. Make sure that you discuss the adequacy of the number of data points in each phase, level, trend, variability, consistency,...

3. [10 Points] Recognizable languages have enumerators. Suppose that language LC has recognizer machine M and consider the construction of an enumerator for L discussed in lecture 18, using the...

Your main You are a manager at Toyota who specializes in sales to the US market. competitor is Honda, which sells an essentially identical car in the US. For the purposes of this question, you can...

It is essentially impossible for any governmental unit to operate alone; therefore, it is essential for public administrators to understand the nature of intergovernmental administration and the...

Fingerprints are formed _ Responses at 17 weeks gestation at 17 weeks gestation shortly after birth shortly after birth at 10 weeks gestation at 10 weeks gestation at 2 years of age at 2 years of age

Define the purpose of the business impact analysis (BIA). Stress that this document is the first major component of the CP process and what it is intended for. As mentioned in the text, it serves as...

Which of the following is (are) true regarding timeliness and the importance of periodic reporting? (Check all that apply.) Decision makers require financial statements that are audited to ensure...

Multiple Select Question Select all that apply Which of the following could be a logical or realistic accounting period for a business that is creating financial statements? five - year six - month...

Which of the following is (are) true regarding timeliness and the importance of periodic reporting? (Check all that apply.) The value of information is often linked to its timeliness. Useful...

please answer all Most valuations of securities and investments are based on forecast cash flows and expected returns. This subjects risk associated with cash flows and returns to increased...