Category Archives: Accounting

XBRL and IFRS

I’ve been following XBRL since it’s inception but nothing is more significant when US public companies start transitioning from GAAP to IFRS.

The combination of IFRS and XBRL caters to people who use technology to organize financial information and those who use accounting standards and concepts for business.

Here are websites that can help one understand and even use the tool to create XBRL reports:

http://www.iasb.org/XBRL/XBRL.htm

http://www.xbrl.org/

http://www.tryxbrl.com

http://www.microsoft.com/frx/using/XBRL.mspx