25.2 A PRIMER ON XBRL
(a) XBRL Specification
(b) XBRL Taxonomies
25.3 WHO IS USING XBRL TODAY?
25.4 THE BUSINESS CASE FOR IMPROVING BUSINESS REPORTING TRANSPARENCY
25.5 CURRENT CONSTRAINTS
(a) What XBRL Delivers
25.6 ADDITIONAL BENEFITS FROM XBRL
Investors who risk their hard-earned cash in equities need access to timely, relevant, and accurate financial and business information. Most of this information originates with the companies whose stocks they own. For the capital markets to operate most efficiently, information about public companies must be understandable, accessible, accurate, and, most important, trusted by market participants. In the current state of information access, there are multiple problems in making this level of clarity, accuracy, and public trust a reality.
One of the biggest roadblocks is that this information is provided in many different proprietary data formats, making it difficult to access, integrate, and analyze in a timely, complete, and accurate manner. The Internet and electronic communication have ensured that information is more freely available than ever before and that the time it takes to deliver that information has sharply decreased. The key question now is: How reusable is that information? Even when you know exactly what you are looking for and roughly where to find it, extracting ...