Technology


TECHNOLOGY

XBRL.org, an electronic financial reporting advocacy group, releases for comment a draft version of “XBRL for General Ledger.” The proposed extensible business reporting language specification, which is expected to be available for use in September, is compatible with international accounting standards and simplifies the process of moving data into and out of accounting systems ( www.xbrl.org/News.htm ).

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VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.