what is XBRL or eXtensible Business Reporting Language and why should you care?
XBRL is revolutionizing business reporting through electronic communication of business and financial data. The old days of accountants issuing static reports which require laborious and costly processes of manual re-entry and comparison to work with the data are coming to an end. Computers can treat XBRL data “intelligently”: they can recognize the information in a XBRL document, select it, analyze it, store it, exchange it with other computers and present it automatically in a variety of ways for users. XBRL greatly increases the speed of handling of financial data, reduces the chance of error and permits automatic checking of information. (ref: http://www.xbrl.org/Home/) XBRL is part of the family of “XML” languages used to communicate tagged data on the internet. The idea behind XBRL is smart data. Instead of treating financial information as a block of text and numbers in a web page view or a PDF file, XBRL identifies each individual piece of data with identifying tags. The tag is
