Question: What is XBRL and why is the SEC mandating its use?

What is XBRL and why is the SEC mandating its use?


Step by Step Solution

★★★★★

3.28 Rating (180 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Why is XBRL needed in the financial community It enhances the accuracy and speed of financial report... View full answer

blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

323-B-A-I-S (3562).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

Why is there a different XBRL taxonomy for each country, including XBRL Australia, XBRL Canada, XBRL Germany, XBRL Japan, XBRL-Netherlands, XBRL-US, and XBRL UK? What would happen if there were only...

Q:

XBRL touts as its primary advantage that it increases efficiency for the firm and those interested in its business reports. Required: a. How is XBRL more efficient for the firm that reports its...

Q:

What does XBRL stand for?

Q:

Write a summary report based on the attached file. Author's personal copy International Journal of Accounting Information Systems 11 (2010) 261-273 Contents lists available at ScienceDirect...

Q:

XBRL Audit Instructions With this project you will explore Starbucks' use of XBRL in filing 10-Ks with the SEC. This audit will require you to look at the underlying data in the electronic filing of...

Q:

XBRL Audit Instructions With this project you will explore Starbucks' use of XBRL in filing 10-Ks with the SEC. This audit will require you to look at the underlying data in the electronic filing of...

Q:

XBRL Audit Instructions With this project you will explore Starbucks use of XBRL in filing 10-Ks with the SEC. This audit will require you to look at the underlying data in the electronic filing of...

Q:

Chapter 8: XBRL: Intelligent Business Reporting [Multiple Choice Question; Pick one answer] 1. Beginning in 2009, the SEC mandated the use of XBRL for SEC filings for Selected large publicly held...

Q:

1.The SEC has indicated that the cash carrying value transmitted in the XBRL file does not tie to the balance sheet number in the printed copy of Starbucks' 10-K. Find the XBRL element in the FASB...

Q:

Please review the XBRL Audit Overview in Introduction and Resources. Use the following data to help you hone in on the financial statement irregularities: The SEC has indicated that the cash carrying...

Q:

In a planned study, there is a known population with a normal distribution, = 15, and = 2. What is the predicted mean if the researcher predicts (a) A small positive effect size. (b) A medium...

Q:

Label structures on the mitochondrion below. Then determine the direction of ATP, phosphate (Pi), and passive hydrogen ion (H*) transport across the inner membrane by transport proteins....

Q:

La entidad financiera Banca Recass S.A, cuyas acciones se negocian en la bolsa espaola, necesita captar fondos. Tiene un valor en bolsa de 1.000 millones de euros y una accin de 2 euro de valor...

Q:

Summarize the majoritys arguments supporting its decision that forensics lab personnel have to testify to their test results.

Q:

. Income statement analysis. For each of the following, calculate the missing amount: (LO 4) a. Revenue$s5 60;E xpense$s3 50;N etI ncome= b. NetI ncome$ 500;E xpense$s4 75;R evenue:s c. Expense$s6...

Q:

. Calculate liability. Given the following items on Tiffany Restoration Company's June 30, 2}}9,balance sheet, how much did the company owe its creditors on June 30, 2009? (LO 4) Cash Inventory $...

Q:

. Calculate inventory. Given the following items and amounts on Wedding Supplies Inc.'s December 31,2010, balance sheet, how much inventory did Wedding Supplies have on hand on December 31,2010? (LO...

Q:

Some diversification benefits can be achieved by combining securities in a portfolio as long as the correlation between the securities is: less than + 1 . equal to + 1 between 0 and + 1 . less than...

Q:

Let X1, ..., Xn be independent and identically distributed (iid) random variables from Binom(m, p). Assume m is known. (e) Derive the the Cramer-Rao lower bound (CRLB) for the variance of unbiased...

Q:

Do you believe the emergence of limited liability companies has revolutionized credit risk analysis and i s it true that non-financial institutions also have significant credit risk exposure? Please...