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XBRL For Dummies, by Charles Hoffman, Liv Watson
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The perfect guide to help you understand XBRL-from the "father of XBRL"
What is XBRL and how can it help you streamline your business reporting? This plain-English guide from the "father of XBRL," Charles Hoffman, will tell you what it is, why it is, and how you can get on the bus with this new SEC-mandated business reporting standard for publicly-traded companies. A CPA, Hoffman is credited with the idea of applying XML data to financial reporting; XBRL is the language that resulted. Learn to prepare financial statements with XBRL, use it for strategic planning, move all relevant departments in your company to the same system, and more.
- XBRL (eXtensible Business Reporting Language) is an XML-based open standard for accounting data; author Charles Hoffman is credited with the idea of applying XML data to financial reporting
- Plan for XBRL implementation, set action-oriented agendas, and identify stakeholders and subject-matter experts within your organization
- Learn to choose from and adapt existing XBRL taxonomies to comply with US GAAP and IFRS standards
Topics also include how to adapt your existing financial information into XBRL.
- Sales Rank: #1071321 in Books
- Brand: Hoffman, Charles
- Published on: 2009-11-09
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.00" w x 7.20" l, 1.39 pounds
- Binding: Paperback
- 436 pages
From the Back Cover
Learn to:
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Understand XBRL and its implications for your organization
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Plan for XBRL implementation and set action-oriented agendas
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Adapt existing US GAAP and IFRS financial information into the XBRL format
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Make sense of XBRL using simple, hands-on exercises
Are you ready for XBRL? Get up to speed with this friendly guide!
Extensible Business Reporting Language — XBRL — is revolutionizing business reporting, including financial reporting. It's complicated, but this book isn't! Here's how to get business and IT folks on the same spreadsheet so that everyone can grasp the concept and be ready for the switch. You'll discover the important details you need to make smart business and technical decisions about XBRL.
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What is it? — understand what XBRL is, its parts, and how it works
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Learn from the masters — discover how gurus including Marc van Hilvoorde; Christine Tan, PhD; Raynier van Egmond; and Eiichi Watanabe put XBRL to work
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Information, please — see how information is used and why new ways to exchange it are necessary
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Making it happen — be able to identify stakeholders, find a common vocabulary, and build an implementation team
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Step by step — see how to create and use XBRL modules and taxonomies
Visit the companion Web site at www.dummies.com/go/xbrl to find links to URLs in the book and bonus material
Open the book and find:
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Common misconceptions about XBRL
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Ten ways to make learning XBRL easier
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A look at the information supply chain
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How to make a business case for XBRL
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Pitfalls to avoid
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All about meeting the SEC mandate
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The future of business information exchange
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Various implementation approaches
About the Author
Charles Hoffman is considered the father of XBRL. He is coeditor of the US GAAP Taxonomy Architecture and was named one of the 100 most influential people in accounting by Accounting Technology.
Liv Apneseth Watson is among the founders of XBRL International and was vice chairman of XBRL International.
Most helpful customer reviews
1 of 1 people found the following review helpful.
I was looking for a quick technical update as a ...
By Kenneth M Nail
I was looking for a quick technical update as a computing professional but it is directed to the business and financial people who both need it and are in the process of being required to use it. For my purposes, the site references were accurate and exhaustive. I think it is mandatory for C level officers and senior financial people. They will find it heavy going but the content is essential.
0 of 0 people found the following review helpful.
Language is too arcane for a "Dummies" edition
By Richard P. Green II
The writing in this "Dummies" is not as clear and precise as I have come to expect from the series. As the book presents XBRL, a reader will probably conclude that the technology is too difficult and arcane to be of use.
However, if you know nothing of XBRL, when you complete reading this book you will probably know more than you ever wanted.
The book needs a good editor.
1 of 1 people found the following review helpful.
XBRL & IFRS: running seriously
By Elton A. Gomez Bonilla
I have taken courses in XBRL & IFRS and have read many articles and papers. None of this helped me understand this semantic system comprehensively as this book. Is extensive, sometimes it's heavy, but I saw the light; I can help my company make better decisions about these important topics. I highly recommend it.
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