XBRL

Mike Willis, CPA

MIKE WILLIS, CPA Partner and Deputy Chief Knowledge Office of the Audit Practice PricewaterhouseCoopers, LLPMike Willis has more than 18 years of accounting industry experience and is a Partner and Deputy Chief Knowledge Office of the Global Audit Practice of approximately 60,000 CPAs.
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AICPA Press Release - April 6, 2000

American Institute of CPAs Leads Global XBRL Initiative to Facilitate The Exchange of Financial Statements Across All Technologies, Including The InternetUnited Effort Brings Global Financial, Accounting, and Software Communities Together to Create First XML-Based Specification Developed for Financial StatementsNEW YORK, NY, APRIL 6, 2000 – The American Institute of Certified Public Accountants (AICPA) announced today that as one of several sponsors of the international XBRL Project Committee, it is helping to develop and launch XBRL (eXtensible
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XBRL Fact Sheet

Extensible Business Reporting Language (XBRL), formerly code named XFRML, is an open specification that uses XML-based data tags to describe financial statements for both public and private companies. XBRL benefits all members of the financial information supply chain. XBRL:A standards-based method with which users can prepare, publish (in a variety of formats), exchange and analyze financial statements and the information they contain.
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XBRL for Financial Statements Questions and Answers

The following is a list of the more frequently asked questions regarding XBRL and how it will impact those who prepare and use financial statements. What is XBRL?What is XBRL used for?What are the benefits of XBRL for Financial Statements?Who will benefit from using XBRL?How does XBRL work? How does XBRL do this?
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A&A

CPA Software Giants Join XBRL Effort

A number of prominent accounting software companies have signed on with Big 5 firms, the AICPA and international organizations to step up the push for XBRL.XBRL is short for Extensible Business Reporting Language, and is the brainchild of a consortium seeking to establish an international language to report financial information over the Internet.A few of the software companies participating in the effort include Navision, Best and Sage.
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Technology

The Future of Financial Reporting

A number of leading accounting organizations, including AICPA, Arthur Andersen, Deloitte & Touche and PricewaterhouseCoopers, are backing a new XML-based financial standard to exchange information online.Known as the XBRL Project Committee, the goal is to roll out the standard--Extensible Business Reporting Language or XBRL--by July 1.XBRL also is supported by some of the most well-known software companies, including Microsoft, SAP and O
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Community News

AICPA Develops XML-Based Language With Big 5 Accounting Firms

The American Institute of CPAs today announced a collaboration with all five of the Big 5 accounting firms to develop a new computer language intended specifically for the preparation and exchange of financial reports and data.Much has been written over the past year about the advantages of Extensible Markup Language, known as XML—a code similar in format to HTML, or the language of the Internet.
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Pages

Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?
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Gail Perry, CPA
Publisher/Editor-in-Chief, AccountingWEB
editor@accountingweb.com
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