Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Nov 15, 2024

What is XBRL Taxonomy? How do you as a preparer of financial statement use the XBRL Taxonomy in locating a label for a specific financial

What is XBRL Taxonomy? How do you as a preparer of financial statement use the XBRL Taxonomy in locating a label for a specific financial element?
What are the benefits of adopting XBRL from the perspective of issuers and users of financial statements?
What challenges do you see in the implementation of XBRL?

include references

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

13th Edition

978-0073379616, 73379611, 978-0697789938

More Books

Students also viewed these Accounting questions

Question

★★★★★

Count Dracula, the most famous vampire, rumored to have killed at least 200,000 people, was based on a real person who lived in eastern Europe about 600 years ago. He was indeed a "monster," although...

Answered: 1 week ago

Question

★★★★★

Hwang Corp. recently installed three just-in-time work cells in its screen making division. The work cells will make large quantities of similar products for major window and door manufacturers....

Answered: 1 week ago

Question

★★★★★

8. As the number of sellers in an oligopoly increases, a. collusion is more likely to occur because a larger number of firms can place pressure on any firm that defects. b. output in the market tends...

Answered: 1 week ago

Question

★★★★★

Ajax Inc. recently implemented a new accounting system to process the shipping, billing, and accounts receivable records more efficiently. During the interim work of Ajaxs auditors, an assistant...

Answered: 1 week ago

Question

★★★★★

What is XBRL Taxonomy? How do you as a preparer of financial statement use the XBRL Taxonomy in locating a label for a specific financial element? What are the benefits of adopting XBRL from the...

Answered: 1 week ago

Question

★★★★★

Read the two articles in the textbook under the title Should the International Criminal Court Deal with the Syrian Conflict: 1. The United States should Support ICC Involvement in Syria by Bakees...

Answered: 1 week ago

Question

★★★★★

3. HQ Drugs Inc. is a distributor of pharmaceutical products. Its ABC system has five activities: 1(Click the icon to view the activities.) Rick Flair, the controller of HQ Drugs, wants to use this...

Answered: 1 week ago

Question

★★★★★

Problem 20-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: Cash ZIGBY...

Answered: 1 week ago

Question

★★★★★

I am using Code Composer Studio 7.3 and MSP430 F5529. I receive the following message: "../main.c", line 2: fatal error #1965: cannot open source file "driverlib.h" How can i include ?

Answered: 1 week ago

Question

★★★★★

QUESTION 11 Given the schema of Figure 3.20 on Page 108 of textbook. Which of the following SQL statement is a valid query? A. select w.company_name, count(employee_name) from works as w, company as...

Answered: 1 week ago

Question

★★★★★

Soya's consolidated statement of financial position shows inventories with a carrying amount of 36,000 at 31 December 20X0 and 34,600 at 31 December 20X1. Soya acquired a subsidiary Milk on 1 October...

Answered: 1 week ago

Previous Question Next Question