ACC XBRL Accounting Standards Question

User Generated

oxqypr

Business Finance

Question Description

Does XBRL set new accounting standards? Does it change U.S. GAAP or IFRS?

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Explanation & Answer

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XBRL (eXtensible Business Reporting Language) is just a computer software language that is developed specifically for the automation of business information requirements, such as the preparation, sharing and analysis of financial reports, statements, and audit schedules. 

XBRL somehow connected to IFRS


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ZreplX254 (23845)
Duke University

Anonymous
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