Technology


XBRL-US, the United States division of the AICPA-led trade group sponsoring the extensible business reporting language (XBRL), releases the results of an Institute-conducted survey ( www.xbrl.org ), which showed two-thirds of vendors either had made at least one of their accounting software products XBRL-enabled or planned to do so by December 2004.

XBRL uses XML “tags” to describe data elements contained in public and private companies’ financial statements. These attributes make it easier to assemble information and reissue it in a wide variety of formats without data reentry or other time-consuming manual processes.

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out