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| 2005-01-18 |
Shift in reporting practices |
In response to the proposed standard, issued by SEC, Deloitte writes:
[...]XBRL may, over time, encourage a shift in the financial reporting practices of
registrants. The use of tagged data, XBRL and XBRL taxonomies will provide users with
increased comparability and an enhanced ability to perform benchmarking and other
comparative analyses. The availability of more effective benchmarking tools is likely to
drive market demand for increased comparability in the financial information included in
11
Commission filings. This market demand will encourage registrants to adopt financial
reporting practices that further enhance the transparency and comparability of their financial
information.
And bloggers will link to the elements of financial statements too. |
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posted at 14:02:56
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Category "accounting"
Accounting
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