Question

What is needed to use XBRL? Mapping names used in the financial reports to the taxonomy...

What is needed to use XBRL?

Mapping names used in the financial reports to the taxonomy

Creation of an Instance document

A taxonomy

All of the above   

Homework Answers

Answer #2

The correct answer is (D) All of the above

XBRL enables preparers to utilize software to tag all financial items in their business reports to the elements within a taxonomy. This is accomplished with an Instance Document which can be electronically exchanged and validated between computers or viewed in a human readable format (this is called rendering).

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