XBRL's Reporting Revolution

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XBRL (eXtensible Business Reporting Language) is revolutionizing business reporting around the world. By Jennifer Wu, Edgar Online

XBRL is becoming the new buzzword in the financial industry, as a means for automating the electronic exchange of financial data that can be easily repurposed between information systems, moving financial and business reporting away from a paper-based practice to an era of fast and reliable electronic exchange.

Its importance was recently highlighted in an announce

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