Chapter 8

What does XBRL stand for?

(extensible Business Reporting Language) is an XML-based language that was designed to provide the financial community with a standardized method for preparing, publishing, and automatically exchanging financial information, including financial statements of publicly held companies.

What is a similarity and difference between XML and HTML

Both XML and HTML use tags Difference is that HTML tags have predefined meaning that describes how the attributes will be presented in a document XML's tags are customized to the user and the user's application and interpret the tagged data

What is an XBRL tag?

A formatting command that is mapped to data values to facilitate the generation of reports using XBRL.

What does XML stand for?

A meta-language for describing markup languages. The term extensible means that any markup language can be created using XML. This includes the creation of markup languages capable of storing data in relational form, where tags (formatting commands) are mapped to data values.

What is an XBRL taxonomy?

Taxonomies are classification schemes that are compliant with XBRL specifications to accomplish a specific information exchange or reporting objective such as filing with the SEC

What is an XBRL instance document?

is created by a computer by interpreting the embedded tags in the database