Multiple Choice
The major benefit of XBRL is:
A) it is freely licensed and available to the public.
B) it is widely available in software applications.
C) it provides a computer-readable tag for each item of data.
D) a result of introducing a set of industry-accepted standards that provide consistency and comparability of financial information.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: What is the main advantage of the
Q23: An instance document:<br>A) contains information about the
Q24: How does XBRL contribute towards reduced data
Q25: The XBRL tags in an accounting package
Q26: Which of the following statements relating to
Q28: Taxonomies are the:<br>A) set of tags developed
Q29: Describe the five core modules of the
Q30: How may 'blockchain' impact on accounting as
Q31: A distributed decentralised ledger which records digital
Q32: The key business processes bring together different