I like your three points but I also believe that XBRL is set to become the standard way of recording, storing and transmitting business financial information because of it’s great features. By presenting statements in XBRL format a company can benefit investors and raise its profile. It can also meet the requirements of regulators, lenders and other consumer of financial information who are increasingly demanding reporting in XBRL.
1 comment:
I like your three points but I also believe that XBRL is set to become the standard way of recording, storing and transmitting business financial information because of it’s great features. By presenting statements in XBRL format a company can benefit investors and raise its profile. It can also meet the requirements of regulators, lenders and other consumer of financial information who are increasingly demanding reporting in XBRL.
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