College Research Papers

If you order your custom term paper from our custom writing service you will receive a perfectly written assignment on XBRL. What we need from you is to provide us with your detailed paper instructions for our experienced writers to follow all of your specific writing requirements. Specify your order details, state the exact number of pages required and our custom writing professionals will deliver the best quality XBRL paper right on time.

Our staff of freelance writers includes over 120 experts proficient in XBRL, therefore you can rest assured that your assignment will be handled by only top rated specialists. Order your XBRL paper at affordable prices!

XBRL stands for eXtensible Business Reporting Language that is a royalty-free, open specification for software that is XML based to describe financial statements for public and private companies. XML is eXtensible Markup Language, which is the universal format for structuring documents on the World Wide Web. Since XBRL is based on the XML format XBRL is permitted to the automatic exchange and reliable extraction of financial information across all software formats and technologies, including the Internet which will dramatically speed up analyzing financial information. It does not require a company to disclose any additional information beyond that which they normally disclose under existing accounting standards. This makes the analysis and exchange of corporate financial information easier and more reliable. With XBRL being developed by a non-profit consortium consisting of over 170 leading companies, associations, and government agencies around the world and the way it makes analyzing financial information faster XBRL has a bright future ( O'Rouke 55).

XBRL is a relatively new software application with its beginning in April of 18 when Charles Hoffman, a CPA with the firm Knight Vale and Gregory in Tacoma, Washington investigated the XML format for electronic reporting of financial information. Shortly after investigating the XML format he began developing prototypes of financial statements and audit schedules using XML. In July of 18 Mr. Hoffman informed Wayne Harding, Chairman of the AICPA High Tech Task Force, of the potential uses of XML in financial reporting, which lead to the AICPA High Tech Task Force proposing the creation of a prototype set of financial statements using XML by the AICPA. On October , 18, Wayne Harding presented his results of the AICPA High Tech Task Force to the AICPA Committee on Committee Organization, and as a result the AICPA decided to fund the project as well as creating a prototype set of financial statements in the XML format. The prototype was developed by Charles Hoffman and Mark Jewett, of Erutech, while being funded by the AICPA and was completed on December 1, 18. "On January 15, 1 this prototype was presented to the AICPA with Wayne Harding and Charles Hoffman convincing the AICPA that XML was important to the accounting profession" (XBRL.org). Shortly after this the AICPA requested a business plan be prepared that would look into the business case for XML and XML-based financial statements, with the project being code named XFRML. The business plan was completed on June 15, 1 and on July 17, 1 the AICPA Board of Directors determined to fund the XFRML project. "In August of 1 1 companies quickly joined the effort (along with the AICPA) as members of the XFRML Steering committee which included The AICPA, Arthur Anderson LLP, Deloitte & Touche LLP, e-content company, Ernest & Young LLP, FreeEDGAR.com, Inc. (now Edar Online, Inc.), FRx Software Corporation, Great Plains, KPMG LLP, Microsoft Corporation, Pricewaterhouse Coopers LLP, The Woodbun Group and Cohen Computer Consulting" (XBRL.org). On August 0, 1 the AICPA began implementing the business plan when it made public that an XML financial reporting specification would be created. Charles Hoffman completed a prototype of XFRML on October 1, 1 and the financial statements of 10 companies were created to test the concept of XML-based financial statements. XBRL is first unveiled at the first XBRL press conference at Stanley Dean Witter in New York City in April of 000. In March of 00 Microsoft Corporation becomes the first technology company to report financials in XBRL (XBRL.org).

Please note that this sample paper on XBRL is for your review only. In order to eliminate any of the plagiarism issues, it is highly recommended that you do not use it for you own writing purposes. In case you experience difficulties with writing a well structured and accurately composed paper on XBRL, we are here to assist you. Your cheap custom college paper on XBRL will be written from scratch, so you do not have to worry about its originality.

Order your authentic assignment and you will be amazed at how easy it is to complete a quality custom paper within the shortest time possible!