The eXtensible Business Reporting Language (XBRL) has been called the most revolutionary development in accounting since the spreadsheet and the ASCII file. On Wednesday, January 31, Bryant College will host a symposium from 8:30 a.m. to 4 p.m. for business leaders and academicians to learn more about this important technological development.
XBRL is an XML-based specification that provides a standards-based method to exchange financial statements in a technologically friendly manner, particularly over the Internet. Utilizing XBRL, business reports can be prepared more easily and published in a variety of formats so information can be extracted reliably and retrieved simply.
The symposium will include an overview of XBRL, a hands-on demonstration, a live broadcast from London and other International cities, and workshops. The fee of $75 includes lunch.
Major financial software vendors, including The Great Plains division of Microsoft, Hyperion, and ACCPAC, to name a few, have committed to incorporate XBRL into their products by the end of 2001; Navision has already done so. As it becomes widely used, this will improve the analysis process for investors at every level.
Bryant College in Smithfield, R.I., has established the first XBRL Educational Resource Center to arm businesses, academicians, and students with the knowledge and tools they will need to successfully bridge the transition from current financial systems to this new financial language of the future.
The college is working closely with XBRL.org, the international committee composed of top-level executives from some of the largest software, accounting, and financial services and consulting organizations in the world. XBRL.org is overseeing the development of this initiative and promoting the universal adoption of XBRL.
Anyone interested in attending the symposium should call (401) 232-6095 or visit web.bryant.edu/xbrl for more information.
Find out more about XBRL at the AccountingWEB XBRL Resource Center.