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August 24, 2009 from CFO magazine – “After more than a decade of hype about the benefits of coding financial data with XBRL, the good news for companies now required to do so is that it seems relatively easy and inexpensive. While in the final analysis XBRL may not add much value, preparers say, at worst it is a minor inconvenience…”
180 View – About 5 years ago, the buzz was about XML (would allow organizations to share their electronic data) and XBRL (same as XML but designed specifically to share financial reports). XML was going to make B2B eCommerce a reality for every company. For example, you would be easily able to send your purchase orders to your supplier who in turn would be able to easily read the data. Both XBRL and XML have lost some of their shine, but I would not count them out yet. The advantages of these technologies are too compelling and it’s just a matter of time.
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