Q1 &Q2

Question 1 1 pts Which of the following provides the most accurate definition of XBRL? O A universal, worldwide standard for reporting all kinds of financial information within and across organisations A language for financial information fixed by its taxonomy A piece of software used to tag financial information to allow it to be read more easily An add-on to Microsoft Excel which allows financial information to be read by different organisations Question 2 1 pts Which of the following definitions best describes electronic data interchange (EDI)? Use of standard (electronic) forms to share information between departments Translation of electronic communications from another organisation Computer-to-computer exchange between two organisations of standard transactions such as invoices A piece of software used to tag financial information to allow it to be read more easily