XBRL Fundamentals: Understanding XBRL, Part 1
eXtensible Business Reporting Language, XBRL, enables preparers to utilize software to tag all financial items in their business reports using the elements within a taxonomy. This course will provide the background of XBRL, how it works and how it is used for business reporting. Part 1 will focus on the components of taxonomies and how they are used.
Throughout this course, you will:
- Learn the background of XBRL and how it is used for business reporting
- Learn the components of a taxonomy
- Learn basic XBRL terminology
This course is part of the XBRL U.S. GAAP Certificate Program.
NOTE: Information provided in the Certificate Program teaches application of tagging XBRL financial statements even though content may or may not be based on the most current release of the US GAAP Taxonomy. The Securities and Exchange Commission requires companies to use an approved taxonomy. Filers are responsible for checking the Securities and Exchange Commission's website for the most current release.