Essentials of Xbrl

XBRL is a technology standard, based on extensible markup language, for the transparent interchange of financial and business reporting data. In addition to facilitating the exchange of financial data between companies in near-real time, XBRL can be adopted for internal uses such as searching databases and supporting decision-making. Bergeron (health sciences and technology, Harvard Medical School and MIT) assesses XBRL’s advantages and disadvantages with a goal of showing CEO-level readers how their business might benefit from products that meet the XBRL standard. Assumes no experience with computers or network systems. Annotation (c) Book News, Inc., Portland, OR (booknews.com)