The purpose of XBRL is to provide a context for understanding financial information. Several contextual categories associated with financial information are listed below; for each category listed, give at least two examples of how it might vary across organizations and financial reporting systems.
The first item is done as an example.
a. Type of balance: debit, credit
b. Time period
c. Currency
d. Account type
e. Accounting rules (i.e., GAAP)
f. Reporting language
g. Preparation tools