Overheard: Word of the Day

Feb 21 2009   5:03PM GMT

Overheard – The power of XBRL

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

“Imagine this: Pick up a paper report or spreadsheet and shake all the numbers off it. Got it in your mind? Lots of information piled up on the carpet all over the place? Now try to get those numbers back into the report. Does this ‘50,000’ go against ‘sales’ or ‘salaries? Where did this number come from? What about that footnote? Pretty much impossible isn’t it? But it’s not far off the everyday reality of moving business information around today. That’s the business problem that XBRL solves.”

XBRL: Digital business reporting

Really REALLY good tutorial on XBRL basics here.

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