XBRL Fundamentals: Understanding XBRL, Part 2
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 2 will focus on the instance document and how it is used.
Throughout this course, you will:
- Understand the purpose of the instance document.
- Understand the components of an instance document
- Learn how the instance document relates to the taxonomy.
Prerequisites: Completion of XBRL Fundamentals: Understanding XBRL, Part 1
Advanced Preparation: None
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.