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"Use" is a very broad word.
XBRL is used to standardize and simplify information throughout the business reporting supply chain. It begins with taxonomies - a way to capture, describe, define and formalize the terms used in business reporting. People who need to exchange information with others whether in mandatory reporting to a regulator, as efficiencies between information partners, or internally for data integration, consolidation, system migration or archival purposes, leverage the taxonomies. Taxonomies can be published or approved by regulators, developed by communities or be developed locally, and then - depending on the reporting regime - may be extended and modified by reporters. Those reporters provide their data using instance documents, which represent the Filer's data and associate it with terms from the taxonomy. So from the broadest sense, XBRL is used to integrate internal and external environments. The Standard Business Reporting Forum countries are using XBRL to reduce compliance burden by harmonizing reporting throughout their agencies so information is only asked for once.
If you mean "use" as in "what do you DO with XBRL once you find it?", that's a different question. What can you do with standardized data? You can view it through standard viewers, you can bring the data in to analytical tools that can compare, analyze, graph, you can track it. One example is to use the open source Arelle tool to track the SEC's RSS feed and notify people when terms or conditions are met or not met.
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What might you use when you wash in the morning?
You might use a toothbrush. You might use soap. You might use a sponge. You might use a towel. You might use a facecloth. You might use a facewash. You might use water.
What did the Mesopotamians use for the use of plow?
I think they use ox
When to use combiflam?
use it
How do you use brainboost?
You use it.
Which is the correct phrase every after use or after every use?
After every use.
What is mena of xbrl?
XBRL is an organization (XBRL International) and jurisdictional representatives that oversees the development of the XBRL Specification and supports its adoption. The XBRL Specification defines the syntax and semantics of taxonomies and instances to represent business reporting data. XBRL taxonomies provide a formalization of business reporting for different regions and purposes. XBRL implementations are mandatory and voluntary environments in which XBRL taxonomies and instances are exchanged. XBRL is an agreement on the use of XML to streamline the data, rules and process of information exchanged throughout the business reporting supply chain - so that a piece of business reporting information, once entered into any computer, anywhere, never needs to be retyped.
When was XBRL International created?
XBRL International was created in 1999.
How can you learn XBRL language?
XBRL isn't a single language - it is a means of creating languages for specific business reporting purposes. Programmers may need to learn the XBRL 2.1 Specification to create general XBRL tooling. In the United States, you may want to know the specifics of XBRL for the banking mandate (FDIC/FFIEC) or the securities regulators mandates (SEC). Outside of the US, you will want to learn the XBRL specifics of the region that interests you the most: the UK HMRC mandate, the India MCA mandate, the EDINET mandate in Japan. For internal reporting, you would want to learn about XBRL GL. There are learning tools from XBRL International, XBRL US, the relevant authorities described above, software companies, audit firms and numerous other sources - there are videos and slides from conferences at the XII site, on Youtube and many other sources. XII is now offering a Foundation Certificate with 8 hours of CBT in the background of XBRL. XBRL US will be offering a certificate in the US GAAP Taxonomy. So you can learn the XBRL language through videos, slide decks, conferences, training classes, looking at examples from existing filings - it all depends "why" you want to learn XBRL.
Can xbrl FILINGS be in 2 column format?
XBRL can be used to represent reports in 2 columns. However, XBRL, as with most XML derivatives, is not bound to a single presentation format. It is about all of the content and all of the context so you can present the data however you wish. Different regulators have requirements that limit the use of XBRL. Some, such as UK's HMRC, require an HTML format known as Inline XBRL which provides a fixed format along with the information needed to create the XBRL instances - those can be in a fixed 2 column format. The data to represent the 2 columns may be dates (current and prior year), reporting entities, classes of stock - and XBRL can represent multidimensional information. It should be noted that XBRL "filings" can be anything from simple reports to ad hoc reports to forms to batches of audit data. If you are speaking specifically about SEC filings, you will see the SEC's Viewer showing balance sheets in 2 column format.
What are the benefits to using XBRL to manage information for cost of goods manufactured?
There are a number of XML-based standards for inventory/cost of goods. XBRL uniquely standardizes both the underlying detail (with XBRL's global ledger taxonomy framework, aka XBRL GL) and the summary totals (US GAAP Financial Reporting Taxonomy and/or IFRS Taxonomy).
Is there an object-oriented scripting language in Excel that lets you create your own classes?
Yes. The newest versions of MS Excel supports XBRL. Do a search for XBRL under help on Excel and follow the tutorials to learn how. It's very powerful. See also the SEC webpage on XBRL.
What is mean by hierarchy in EXTENSIBLE business reporting labguage?
Broadly, a hierarchy is a superior/inferior or parent/child relationship. XML is inherently a hierarchical representation of information, as all information is encased in a single root, and some tags are encased within other tags. Within an XBRL instance document, all data is encased within the xbrl root tag. Where XBRL begins to diverge from most other XML implementations is that certain hierarchical relationships are not in the instance itself (XML complexTypes), although taxonomies that use XBRL's tuples (such as XBRL GL) are highly hierarchical in the traditional XML sense. XBRL's linkbases (e.g., presentation, calculation, definintion) permit a wide variety of hierarchical relationships that are communicated with the discoverable taxonomy set (DTS): the order and indentation of a presentation, the weighted summation of parents to children and other abstract relationships. Because of the use of the linkbases, the hierarchies defined by the original developers of the taxonomies can, where permitted and appropriate, be modified by industries, regions and Filers.
Which language allows enterprises to publish and share financial information with each other?
XBRL
What types of errors can occur using xbrl?
Some of the incompatibilities that occur quite common are: - Incorrect signs (Calculation and data validation error) - Misusing of concepts (duplication error) - Missing concepts (Lc3 error) These inconsistencies will sure be affecting the results of any of the business records. It's highly important to have fused inellect on having an experienced XBRL experts who can accomplish the task effectively. For more on XBRL service and endorsements, you can also try checking out Compliance-sec.com
What is an XBRL taxonomy?
An XBRL taxonomy is a standardized classification system that defines the structure and format for tagging financial and business data in a machine-readable format. It provides a common language for organizing and exchanging financial information, allowing for easier analysis and comparison of data across different entities and industries.
What is the XBRL term for sales and for gross profit?
It depends which GAAP you are referring to. The answer would be different for US GAAP, Canadian GAAP or IFRS. If you mean US GAAP, you can look it up at http://xbrl.us/Pages/US-GAAP.aspx - the answer(s) would probably be SalesRevenueNet and GrossProfit, respectively.
What are the downsides of using a financial printer for XBRL solutions?
Most companies used financial printers for the first year of their mandatory US SEC filings. Pros: As a whole, the financial printers AS ORGANIZATIONS work with many companies and have broad corporate knowledge of XBRL filings; they have done this before and can bring that experience to your filing. Cons: Most financial printers have to bring on new people to handle the growth from 500 - 1700 - 10,000 filers, so you may not have an experienced person helping you. Many financial printers do not have the knowledge of GAAP necessary or the company's own financials to properly do the mapping. Some of them are simply misrepresenting the amount of work companies have to do - "less than 8 hours total" is simply wrong. Many financial printers are making concessions to limitations in their software leading to bad XBRL. Outsourcing in Year 1 is one thing (300 - 500 data points); outsourcing in Year 2 (800 -20,000 facts) is very difficult. Financial printers require a multi-day turnaround period for changes and are asking for 4 - 10 day pencils-down periods.
