noun XBRL
XBRL is commonly used in the finance industry for financial reporting, allowing for standardized and efficient communication of financial data.
XBRL is used in accounting to streamline the process of reporting financial information in a standardized format.
XBRL is crucial for regulatory compliance, as it enables organizations to accurately report financial information in a consistent manner.
XBRL facilitates data analysis by providing structured financial data that can be easily analyzed and compared.
XBRL is used in investor relations to provide transparent and standardized financial information to investors.
XBRL is commonly used by accountants to prepare and analyze financial statements in a standardized format for easy comparison and analysis.
Financial analysts use XBRL data to conduct in-depth analysis of companies' financial performance and make investment recommendations.
Auditors use XBRL to efficiently review and verify financial information, ensuring accuracy and compliance with accounting standards.
Regulatory compliance officers rely on XBRL to ensure that financial reports submitted to regulatory authorities meet reporting requirements and standards.