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Extensible Business Reporting Language: The Future of E-Commerce-driven AccountingRashmi MalhotraSaint Joseph's University - Haub School of Business Francis GarrittMassachusetts Association for Healthcare Quality International Journal of Business, Vol. 9, No. 1, 2004 Abstract: XBRL, short for eXtensible Business Reporting Language, is a framework based on XML (eXtensible Markup Language) that would be freely licensed and facilitate the automatic exchange and reliable extraction of financial information among various software applications anywhere in the world. This new business reporting language should enable companies and individuals to use financial information in a much swifter and more flexible way. This article discusses the implications of this new standard on accountants, investors, analysts, risk mangers, bankers, and the financial services industry.
Number of Pages in PDF File: 24 Keywords: HTML - HyperText Markup Language, XML - eXtensible Markup Language, XBRL - eXtensible Business Reporting Language, Accounting & Financial Reporting Systems JEL Classification: M41, C88, G29 Accepted Paper SeriesDate posted: February 8, 2004Suggested Citation |
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