Essentials of XBRL Provides a complete overview of what XBRL is and how companies can use it effectively. * Explains the benefits of XBRL to corporate executives (CEOs, CFOs). * Written in nontechnical language that financial managers can understand. * Provides numerous examples and illustrations. .
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Full of valuable tips, techniques, illustrative real–world examples, exhibits, and best practices, this handy and concise paperback will help you stay up to date on the newest thinking, strategies, developments, and technologies in XBRL.
"The accounting industry is in the midst of a technological tsunami in which antiquated closed, proprietary financial reporting systems are being challenged by more cost effective, XBRL–based systems. Bergeron’s book provides an excellent, no–nonsense overview of how executives can take advantage of this cost savings technology without losing their shirts on hidden infrastructure costs. Don’t even think about talking to a vendor before reading this book."
Robert A. Larosa Jr., Chief Financial Officer, Tocci Building Corporation
"Implementing XBRL is likely to be on the top 10 wish list of CFOs throughout the next decade. Essentials of XBRL provides the executive with a comprehensive range of information about this important new technology, describes how it can improve financial and business processes, notes possible pitfalls, and lists key points to consider during an implementation. It is a mandatory guidebook on the journey to a successful XBRL implementation."
Steven M. Bragg, CPA, CMA
author of The New CFO Financial Leadership Manual
XBRL is creating a revolutionary movement in the accounting world. Not since the creation of the spreadsheet has there been so much excitement. Through the use of XBRL corporations can now move business-reporting data and interface it with other XML based systems. Thus allowing reports that were once not compatible to become compatible and more user-friendly to financial executives. Until now only programmers and a few financial techies have understood XBRL. Now that this language is much more accessible financial executives must understand its fundamental premises. This book explains the history of XBRL and shows how corporations can use it to not only save money but why it should become the model that their financial reporting is based on.
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