http://www.cfo.com/Article?article=9633&f=alerts
What XBRL Means For You
XBRL promises to bring a little context to numbers. And yes, that's a good thing.
Scott Leibs and John Goff, CFO.com May 29, 2003
"Just listen to Mike Willis, founding chairman of XBRL International and a PricewaterhouseCoopers partner, wax poetic about XBRL. According to Willis, "The effect that XBRL will have on the business community will be more significant than the transition from paper and pencil analysis of financial information to the use of electronic spreadsheets."
Okay, Willis can be forgiven for the hyperbole. He did, after all, chair XBRL International. But Willis is not far off in his forecast. The fact is, meta-data -- that is, the tagging of data with information about the data -- enables software programs to handle financial information seamlessly, regardless of the source. In essence, XBRL gives you context about numbers."
What XBRL Means For You
XBRL promises to bring a little context to numbers. And yes, that's a good thing.
Scott Leibs and John Goff, CFO.com May 29, 2003
"Just listen to Mike Willis, founding chairman of XBRL International and a PricewaterhouseCoopers partner, wax poetic about XBRL. According to Willis, "The effect that XBRL will have on the business community will be more significant than the transition from paper and pencil analysis of financial information to the use of electronic spreadsheets."
Okay, Willis can be forgiven for the hyperbole. He did, after all, chair XBRL International. But Willis is not far off in his forecast. The fact is, meta-data -- that is, the tagging of data with information about the data -- enables software programs to handle financial information seamlessly, regardless of the source. In essence, XBRL gives you context about numbers."
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