Uses of XBRL

Uses of XBRL

Introduction

With the advances in information and technology, the world is moving towards better and more sophisticated methods of data collection and data sharing, thus enabling business individuals to manage and operate their business successfully and in the right manner. The same technologies have also enabled them to turn their businesses into success and gain better hold over the matters of business that were beyond their control before. Among other methods of managing business, XBRL holds an important position because of its growing market and the increasing demand for the sophisticated technology and accounting languages. XBRL (eXtensible Business ...