What is the meaning of XBRL?
Understand the Problem
The question is asking for the definition or explanation of XBRL, which likely refers to its use in financial reporting and data exchange. We will look into what XBRL stands for and its significance.
Answer
XBRL stands for eXtensible Business Reporting Language, a global standard for digital business reporting.
The final answer is: XBRL stands for eXtensible Business Reporting Language, a global standard for exchanging business information in a digital, computer-readable format.
Answer for screen readers
The final answer is: XBRL stands for eXtensible Business Reporting Language, a global standard for exchanging business information in a digital, computer-readable format.
More Information
XBRL is designed to improve the accuracy, reliability, and accessibility of financial data by making it machine-readable. It helps streamline the preparation, analysis, and communication of business information.
Sources
- What is XBRL? - XBRL International - xbrl.org
- eXtensible Business Reporting Language (XBRL): Investor's Guide - investopedia.com
- XBRL - Wikipedia - en.wikipedia.org
