a XBRL is an open standard that enables a single document to provide both human-readable and structured, machine-readable data. Over millions over different companies use XBRL to help with the financial statements of the company. XBRL allows peoples to publish reports and to have confidence that the report is right and accurate. It is important for companies to use something like this because you have to file you reports accurately to the the public, if not then the company could get into a lot of trouble. This also provides and easy solution of reporting in different languages, if the company you work for is global, them they have to be prepared to use it and to have options for everyone that would be investing into the company. This is a great tool because this will help you with the many different regulations across the globe, it will make it a lot easier if the company is global and had more obligations than just one located in the United States. After doing research on the XBRL website, I was able to learn a lot about something that I didn't much about before, this is a great tools for many different kind of companies across many different kind of countries. This is a great tool for companies to use and to keep on using to help with there financials.