Question: XBRL touts as its primary advantage that it increases efficiency for the firm and those interested in its business reports. a- How is XBRL more
XBRL touts as its primary advantage that it increases efficiency for the firm and those interested in its business reports.
a- How is XBRL more efficient for the firm that report its business performance? Does the use XBRL GL in a firm's accounting software make XBRL more or less efficient than when XBRL GL is not used?
b- How is XBRL more efficient for those using its business reports for regulator, investing or other purposes?
c- Are there any cases when it is less efficient to use XBRL ?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
