XBRL Revolutionizing Financial Reporting (Audio)

  • Credits: 2
  • Format: Self-Study Audio
  • Field of Study: Specialized Knowledge
  • Author/Speaker: Davis Jackson
Available Formats:        
Advanced Preparation: None
Experience Level: Basic
Program Prerequisites: General Understanding of Accountancy
Course ID: DJ-121.22-SA
Published Date: April 2021*
COURSE DESCRIPTION

XBRL is revolutionizing business and financial reporting around the world. It is a reporting language that electronically communicates business and financial data globally. Besides providing major benefits in the preparation, analysis,and communication of business information, it also offers cost savings, greater efficiency, and improved accuracy and reliability to all those involved in supplying or using financial data claims XBRL International.

Topics include:
  • This course will begin by recapping why and how XBRL came into existence and then defining XBRL.
  • We will next discuss a few of the more common uses of XBRL reporting and some of its benefits.
  • You will then be introduced to how XBRL reporting works through the use of taxonomies and specifications.
  • As part of this process, you will be provided with a glossary of the more common XBRL related terminology.

Learning Objectives:

After reading the course material, you will be able to:

  • Recognize the history of XBRL.
  • Identify basic XBRL technology.
  • Recognize the definitions of general XBRL terminology.
Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA