XBRL: let’s talk about x

Oct 12 2006 by Lesley Meall, Accountancy Age

If XBRL is the future of financial reporting, why don’t finance directors already know about it?

Apple. eBay. Google. XBRL. Yahoo! Can you spot the odd one out? In a world where brand strength can make the difference between success and failure, the eXtensible Business Reporting Language has a recognition level so low that most finance directors have never heard of it, and the rest have no idea what it is. But this is about to change. With regulatory authorities in the US, UK and other parts of Europe increasingly pushing its use, XBRL seems set to go mainstream, and you need to be prepared.