Everything You Wanted to Know About XBRL, but Were Afraid to Ask: A CFO's Guide

The convergence of XBRL, XML, increased regulatory oversight and public outcry for more transparency in corporate financial reporting is driving a fundamental change in the way financial information is prepared and published. While significant challenges remain for the early adopters of XBRL, a number of organizations and agencies are aggressively advocating the change while developing supporting processes, technologies and taxonomies. Case examples from early adopters highlight compelling business benefits from implementation of XBRL in financial reporting processes.