Tokyo 2011: Japan Grows XBRL Adoption, Pushes for Expanded Coverage

XBRL (eXtensible Business Reporting Language), the standard for reporting financial results using tagged templates that make it easier to analyze financial statements and compare like-for-like values, which was first adopted in Japan in 2008, is now gaining acceptance from the country’s accounting standards body, and could be expanded to cover new areas such as corporate actions, said Makoto Shibata, principal analyst in Bank of Tokyo-Mitsubishi UFJ’s e-business and IT initiatives division, in a

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