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The General Ledger/Financial Reporting System as a vital part of the Accounting Information Systems, assists management of listed US companies to meet their reporting obligations

The General Ledger/Financial Reporting System as a vital part of the Accounting Information Systems, assists management of listed US companies to meet their reporting obligations to the Securities and Exchange Commission(SEC). The SEC now requires US companies to submit their financial reports using the eXtensible Business Reporting Language (XBRL) format. Required: Discuss the primary advantage of XBRL over traditional HTML as a means of online reporting of financial information to users. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).

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