Myths about XBRL tagging

There are two myths about XBRL tagging: One, it is simple. Two, it is complicated. Both are not true. The first reaction of most CFOs is to treat this as one more exercise to be performed by finance/ accounting function and task an in-house resource to do the job. Though the incremental cost of such a decision is probably just the cost of the software tool required to prepare financial statements in XBRL format, the […]