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 Oracle.
In layman's terms, the new language uses accepted financial reporting standards and practices to exchange financial statements across all software and technologies, including the Internet.
Mike Willis, a partner at PwC and Chairman of the XBRL Steering Committee, will join AccountingWEB to present an online workshop on Tuesday May 2 at 4:00pm EDT to explain what the new reporting language is all about. Be sure to mark your calendars for this session!
Voice of the Editor
What makes a company a great place to work? Experience, a ConnectEDU company, uses criteria that include benefits, career advancement opportunities, culture, and work/life balance to form its annual list of the Best Places to Work for Recent Grads. BDO USA and Ernst & Young both made the Top 25 list. Read what makes these firms stand out and find out what can be done at your firm to entice college grads.