We’ve talked a lot about XBRL here recently. (And if you missed any of those discussions, you can find them here, and here, and here.)
In short, XBRL is a language that helps companies electronically communicate their business and financial data. You’ve probably heard it used most often in the context of financial statements. Businesses are incorporating XBRL into the preparation of their financial statements to make it easier to communicate those statements to investors, analysts and other people who need that information.
Now, we’re going straight to the source for details on what XBRL can do … and what it means for CPAs.
Mike Willis is a partner with PricewaterhouseCoopers and the founding chairman of XBRL International, a not-for-profit consortium of about 550 organizations throughout the world that are joining forces to build XBRL and support its adoption.
Willis talked with me over the phone recently about the nuts and bolts of XBRL – what it is, what it’s designed to do, the timeframe adoption and lots of related issues. Listen to what he has to say in this CPA Spotlight podcast.
When you’re done listening to the podcast, check out some of these additional resources.
Learn more at the ExpoWillis will discuss XBRL in detail during a session at the first-ever Maryland Business and Accounting Expo, slated for June 17-18 at the Baltimore Convention Center. Get details about the Expo here, then pre-register here.