Time to learn another acronym. Later this month a new version of xBRL, a subset of the XML Internet language intended to standardize how financial data is shared among Web-based applications, will be released. Leading makers of accounting software say they will incorporate xBRL-tagging capabilities into their products by the end of the year. This will go a long way toward transforming xBRL from a promising concept to a useful reality, but experts caution it will be several years before the code reaches its full potential. Until then, companies that want to exchange and analyze financial data over the Internet must continue to rekey or repackage much of it.

EXTENSIBLE business reporting language (XBRL) could well be the greatest innovation in accounting since Italian mathematician Pacioli pioneered double-entry bookkeeping more than 500 years ago. Perhaps more extraordinary than XBRL's development is how this standard for transferring financial information came to exist.

XBRL is a freely available electronic language for financial reporting. It is an XML-based framework that provides the financial community a standards-based method to prepare, publish in a variety of formats, reliably extract and automatically exchange financial statements of publicly held companies and the information they contain.

Extensible Business Reporting Language, formerly code-named Financial Reporting Markup Language, is a freely available electronic language for financial reporting. It is based on the industry standard Extensible Markup Language (XML). The XBRL framework provides the financial community with a standards-based method to prepare, publish in a variety of formats, reliably extract and automatically exchange financial statements and the information they contain. XBRL is not about establishing new accounting standards but enhancing the usability of the current ones in an electronic commerce environment.

The FFIEC has begun an initiative directed toward improving Call Report data filing and publishing. Sheshunoff has assembled answers to the most frequently asked questions about how this affects you.

Business success requires measurement, analysis and communication of information found scattered throughout an organization and from outside sources. This business intelligence includes both traditional accounting and operational measures and new metrics found in ValueReporting. Until now, the tools to effectively capture, analyze and reuse this information have been limited, expensive, and difficult to implement. Now, there is XBRL GL.

NetCharts XBRL Server is a data visualization service that generates charts and graphs, tables, and reports. It can be used alone or in conjunction with any web infrastructure from the simplest CGI scripts to the most sophisticated Enterprise Application Server. A vulnerability in the product allows an attacker sending a malformed-chunked encoding request to cause the server to reveal sensitive information about itself.

The first specification for a business-reporting variant (XBRL) of extensible markup language (XML) was the subject of an April symposium. The XBRL project committee held the meeting to encourage comments on the specification and to announce its new name. Until then, it had been known as XFRML—for financial reporting.

XBRL (eXtensible Business Reporting Language) has been described as the universal business language, but so far, it's about as oft-spoken as Latin. In essence, XBRL brings context to numbers by tagging financial data points with information about that data, in effect standardizing it. The idea: to enable businesses to prepare, exchange, and analyze financial statements and the information they contain.

The adoption of the recently developed Extensible Business Reporting Language (XBRL) got a significant boost Tuesday, with the Nasdaq Stock Market, Microsoft and PricewaterhouseCoopers teaming up to show off the new platform for corporate reporting over the Internet.

Information Technology is mostly jargon. But XBRL is something you cannot afford to ignore, if you are a CEO or CFO. Virtually all research and consultancy organisations from Gartner to PricewaterhouseCoopers are hailing XBRL as a revolutionary development set to sweep the finance and investment world. XBRL (Extensible Business Reporting Language) is the XML (extended mark-up language) based standard for identifying and better communicating the complex financial information in corporate business reports.

A consortium of software, consulting and accounting firms hopes to recruit government financial managers as users of a new electronic publishing language that standardizes how agencies present financial reports. The international XBRL Project Committee (www.xbrl.org) has developed Extensible Business Reporting Language (XBRL) as a standard way of tagging financial data so that it can be easily pulled into electronic financial statements, tax returns and World Wide Web pages. The standard should help lower the cost of producing those documents and facilitate the exchange of information among businesses and the government.

Powerpresentation: XBRL: Harness the Digital Power

XBRL (eXtensible Business Reporting Language) is a computer language for preparing Internet web pages in a way that communicates the complex financial information in corporate business reports to Internet users. XBRL makes the analysis and exchange of corporate financial information easier and more reliable.

Companies today are struggling to regain the confidence of the investment community and comply with the onslaught of new regulatory requirements. Financial markets are demanding a higher quality of timely financial information in an easy to interpret format. In a recently published technology forecast by PricewaterhouseCoopers, emerging trends in technology were identified that can assist companies in providing greater transparency and accountability.

The XBRL (eXtensible Business Reporting Language) Committee announced last week that several new, leading companies and organizations have joined the XBRL initiative, including ACCPAC International, Dow Jones & Company, eLedger.com and PeopleSoft. XBRL Committee membership now exceeds 50 companies and organizations from around the world and is expanding globally as industry sectors and foreign jurisdictions begin development of XBRL specifications.

This documentation explains the XBRL Taxonomy Financial Reporting of Not-for-Profit Organizations, which is currently in draft form and still in development. This taxonomy is created compliant to the XBRL Specification, dated 2000-07-31. It is for the creation of XML-based instance documents that generate business and financial reporting for not-for-profit organizations according to SFAS 116 and SFAS 117.

What is it? A financial-reporting vocabulary created in eXtensible Markup Language (XML). XBRL is intended to make it easy for financial and analytical applications to import, manipulate and compare data.

Proposed changes and additions to an XML variant targeted for use in financial reporting will make information more accessible and easier to audit, say supporters of the technology.

XBRL International, a global consortium of over 200 leading accounting, technology and financial services companies and government agencies, announced today the Recommended Release of version 2.1 of its XBRL (Extensible Business Reporting Language) technical specification. Enhanced functionality of version 2.1 will ease XBRL implementation by users of XBRL-enabled software and will improve the ability of application developers to create platform independent XBRL applications and tools.