Exam 9: XBRL: Intelligent Business Reporting

You are a staff account at a publicly traded manufacturing company. During a meeting your boss indicates upper management wants to know why hey should consider implementing XBRL. Prepare a report indicating who uses XBRL and the benefits.

________ elements explain the circumstance in which the data appears.

Match the linkbase to the appropriate definition. -Reference link

How is XBRL being used in the Americas?

XBRL tags appear between

List and define the XBRL essentials.

The ________ contains specific amounts for a taxonomy at one instance.

Match the following terms with the appropriate definition. -XML.

What information does the following XBRL tag provide? <ifrs-gp:Inventories contextRef="Current_AsOf" unitRef="U-Euros" decimals="2">5000000</ifrs-gp:Inventories>

XBRL shows promise to streamline financial reports and data processing by using digital tagging that is the equivalent to the use of

Match the following elements to the appropriate definitions. -Entity elements

Organizations using integrated enterprise systems with a centralized database can use XBRL integrated tagging if they use a(n)________.

In XBRL, the opening and closing tags are identical.

Match the XBRL essential to the appropriate definition. -Schema

What types of linkbases are used in XBRL to define relationships?

XBRL can only be used by banking regulators and financial analysts.

How is XBRL being used in Europe?

Match the following terms with the appropriate definition. -Bolt-on Tagging

How is XBRL being used in Asia?

In XBRL integrated tagging, data for reports is retrieved from the database, reports are prepared, and electronic tags are added to create XBRL reports.